Assignment Instructions/ Description
Read Eye on the Environment and describe a tradeoff faced when deciding how to generate electricity and whether to use wind power.A tradeoff faced when deciding how to generate electricity and whether to use wind power is ______. A.saving coal and oilB.getting something for nothing, a "free lunch"C.giving up other goods and services to get clean electricity delivered over long, high-cost transmission linesYour answer is correct.D.the boost that wind power brings to rural economiesE.locating wind turbines far from cities and in farming areas
Representatives Waxman of California and Markey of Massachusetts proposed a law to limit greenhouse gas emissions from electricity generation and require electricity producers to generate a minimum percentage of power using renewable fuels, with some rights to emit to be auctioned. The Congressional Budget Office estimated that the government would receive $846 billion from auctions and would spend $821 billion on incentive programs and compensation for higher energy prices. Electricity producers would spend $208 million a year to comply with the new rules. (Think of these dollar amounts as dollars' worth of other goods and services.)Will the Waxman-Markey law achieve production efficiency?A.Unlikely, because mandating which specific technology to use prevents producers from choosing the most efficient technology. Your answer is correct.B.No, because any reduction in emissions puts the economy inside the PPF.C.No, because Congress always wastes resources.D.Yes, because we must cut greenhouse gas emissions at any cost.E.Yes, because wind power is free.
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