One of the Most Important Steps Governments Can Take to Encourage

question 14

Multiple Choice

One of the most important steps governments can take to encourage a different energy future is to do which of the following?

• A)put taxes on fossil fuels
• B)cap and trade systems for reducing carbon dioxide
• C)run public service announcements encouraging a new direction in energy
• D)phase out subsidies and taxbreaks for fossil fuels and nuclear energy
• E)increase the CAFE standards

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Definitions:

Business Firms

Organizations involved in the production, distribution, or sale of goods and services for profit.

Large Firms

Companies that operate on a large scale, often having significant market power, extensive operations, and substantial revenues.

Collusion

An agreement between two or more parties, often competitors, to limit competition and manipulate prices or terms of trade to their advantage.

Industry

A group of companies or organizations involved in the production or supply of goods and services in a particular area of the economy.