In Response to the Climate Change Issue, President Obama

question 46

Multiple Choice

In response to the climate change issue, President Obama

• A) pledged to reduce the nation's GHG emissions by 17 percent below 2005 levels by 2020
• B) has vetoed all environmental bills that do not include a cap-and-trade program
• C) implemented a national carbon tax effective in 2012
• D) committed the United States to participating in the EU ETS, starting in 2012

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Definitions:

Dollar Votes

A term suggesting that consumers participate in the market and influence production and consumption patterns through their spending choices.

Product Market

The marketplace where final goods or services are traded between producers and consumers.

Coordination Problem

A situation where the components of a system fail to work together effectively, leading to inefficient or undesirable outcomes.

Incentive Problem

A situation where the incentives or motivations of individuals or groups do not align with broader organizational or societal goals.