The $8.4 billion of costs arising from using less coal to produce electricity O A. include the loss of jobs in the coal sector and higher production costs incurred by producing electricity using higher-cost inputs than coal are the federal limits on carbon emissions O B. O C. is the cost of research and development to discover new methods of producing electricity O D. include a decrease in the amount of electricity used
The $8.4 billion of costs arising from using less coal to produce electricity O A. include the loss of jobs in the coal sector and higher production costs incurred by producing electricity using higher-cost inputs than coal are the federal limits on carbon emissions O B. O C. is the cost of research and development to discover new methods of producing electricity O D. include a decrease in the amount of electricity used
Chapter1: Making Economics Decisions
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Transcribed Image Text:Obama unveils major climate change policy
Obama's Clean Power Plan, which will set federal limits on carbon emissions from coal-fired power plants, will cost $8.4 billion and reap benefits of more than $34 billion. But opponents of the plan say it will drive up the
cost of electricity for millions of Americans.
Source: CNN, August 3, 2015
What are the more than $34 billion of benefits from using less coal to produce electricity?
Who receives these benefits: the users of electricity or the owners of power plants, or both the users and the owners?
C
The more than $34 billion of benefits from using less coal to produce electricity
O A. include a decrease in carbon emissions and cleaner air, which lead to a higher standard of health
O B.
include the ability to purchase more electricity from non-coal power plants
O C.
goes to the power plants that do not use coal to produce electricity
O D. include a decrease in the amount of electricity used
Transcribed Image Text:The $8.4 billion of costs arising from using less coal to produce electricity
O A. include the loss of jobs in the coal sector and higher production costs incurred by producing electricity using higher-cost inputs than coal
are the federal limits on carbon emissions
O B.
O C.
is the cost of research and development to discover new methods of producing electricity
O D. include a decrease in the amount of electricity used
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