Many People Around the World Are Worried About Global Warming

question 157

Multiple Choice

Many people around the world are worried about global warming, yet the consumption of oil-derived products is not falling.One possible solution to this problem could be:

• A)for the United Nations to outlaw the extraction of oil
• B)for oil-rig workers to work together to reduce the amount of oil they extract from the ground
• C)for environmental groups to bargain with oil producers, as per the Coase theorem
• D)for companies to internalise the externality by joining together and acting as a single company

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Definitions:

Groupthink

A phenomenon where the desire for harmony in a decision-making group overrides a realistic appraisal of alternatives, often leading to poor decisions.

Conformity

involves aligning one's attitudes, beliefs, behaviors, and norms to those of a group or society.

Status

The rank an individual holds within a group.

Creativity

The ability to generate innovative ideas and solve problems in novel ways.