Opportunity Cost: The Cost Of Climate Change
The following article is from the 7 October 2007 issue of the Washington Post by Bjorn Lomborg. Define Lomborg’s thesis in a short introductory paragraph using 5 to 15 sentences (5 points). Defend your statement of Lomborg’s thesis using at least four (4) examples of opportunity costs and any other relevant economic concept(s) we have studied to justify your answers (10 points).
In discussing the opportunity costs remember: relative scarcity, choice, opportunity cost. So what is the relatively scarce resource(s) that is driving the choice defining the opportunity costs? This must be part of your paragraph defining Lomborg’s thesis. This will also be used in defending your statement of Lomborg’s thesis using at least four (4) examples of opportunity costs. Thus, you need to think carefully about this introductory paragraph.
Note: If an economic concept is not relevant do not use it or try to make it fit your thesis defense.
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