The Absence of the External Costs of Carbon Emissions in the Price

question 67

Multiple Choice

The absence of the external costs of carbon emissions in the price of electricity means that:

• A) firms produce electricity accounting for the global warming.
• B) firms produce electricity equal to what is socially desirable.
• C) firms produce more electricity than is socially desirable.
• D) firms produce less electricity than is socially desirable.

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Definitions:

Unions

Represent the interests of employees in an industry, occupation or organisation.

Industrial Relations

Is the process of negotiation and bargaining between employers and employees.

Business Associations

Represent the interests of organisations in an industry or region.

Occupational Health

A field of healthcare that focuses on the physical and mental well-being of employees in the workplace by preventing and addressing injuries and illnesses that may arise from work activities.