Read the Following Scenario and Answer the Question Below

question 20

Multiple Choice

Read the following scenario and answer the question below.
The Intergovernmental Panel on Climate Change reported that physical, biological, and economic evidence exists confirming global climate change due to human-produced greenhouse gases. Although the United States emits most of Earth's carbon dioxide, its policies do not reflect concern over its environmental effects. The United States failed to ratify the Kyoto Protocol, an international agreement signed by other developed nations to reduce carbon dioxide emissions. Requested voluntary reductions of carbon dioxide emissions have not been effective in reducing greenhouse gases. Revisions to the 1970 Clean Air Act, called the "Clear Skies Initiative," were proposed to limit mercury, nitric oxides, and sulfur oxide emissions from power plants. Nicknamed by Robert F. Kennedy, Jr., as the "Clear Lies Initiative," this proposal did not specifically address emission of carbon dioxide, and its loopholes excluded older power plants from having to modernize, seemingly supporting pollutive industries with political influence. Environmentalists are arguing for immediate action, including stricter laws to limit power plant carbon dioxide emissions and subsidies for renewable energy. They favor "portfolio standards," requiring electric companies to provide clean energy alternatives to consumers and "green tags," "wind certificates," and "green pricing" to support the use of alternative fuels.
-Environmentalists and scientists advocate immediate intervention regarding global climate change because _______________

• A)they fear the consequences of inaction caused by lack of full scientific certainty
• B)they are concerned about the global economic losses sustained due to global climate change
• C)most live in areas most affected by global climate change
• D)most are Cornucopians
• E)they favor anthropogenic principles

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Definitions:

Equilibrium Quantity

The amount of products or services offered and sought after at the balance price.

Inelastic Demand

A situation where the demand for a good or service is relatively unresponsive to changes in price, indicated by a demand elasticity coefficient of less than one.

Elastic Demand

A situation where the demand for a product or service significantly changes in response to price adjustments.

OPEC

The Organization of the Petroleum Exporting Countries, an intergovernmental organization of 13 nations that coordinates and unifies the petroleum policies of its member countries.