Hussein A. Kap 1-3.

Question 1

1. Positive Price?

Answer 1

Scarce resurces vs market price is an indicator of absolute scarcity.

Question 2

1. Fungible resource?

Answer 2

1 kind of resource can be freely replaced by another. (Petroleum-> gas.

Question 3

1. CCS?

Answer 3

Carbon capture & storage.

Question 4

1. FCF?

Answer 4

Forest Carbon Financing.

Question 5

1. Opportunity cost?

Answer 5

Other inputs are sacrified vs more human capital to maintain production of outcome.

Question 6

3. Transactional costs?

Answer 6

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Question 7

3. Social costs?

Answer 7

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Question 8

3. Polluters pays principle?

Answer 8

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