Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn

Exercise 8

What is the climate-change problem Using an example other than the one in the text, explain how climate change might hurt one industry, particular region, or country but help another. Distinguish between a carbon tax and a cap-and-trade strategy for reducing greenhouse gases. Which of the two strategies do you think would have the most political support in an election in your home state Explain your thinking.