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Using an Example,discuss Why Economists Are Leery of Using a Fuel

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Essay

Using an example,discuss why economists are leery of using a fuel content rule that mandates using a certain percentage of renewable fuel content to try and achieve greenhouse gas emission reductions.


Definitions:

Maturation

The process of becoming mature, which involves growth and developmental progress, often independent of external influence.

Mediation

A process where a neutral third party assists in resolving disputes between two or more parties.

Learning

The process through which experience or practice results in a relatively permanent change in behavior or potential behavior.

Conditioning

A process of behavior modification in which a subject comes to respond in a desired manner to a previously neutral stimulus, by associating it with a stimulus that elicits an automatic response.

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