Assume That Emissions from Electric Utilities Contribute to Pollution in the Form

question 13

Multiple Choice

Assume that emissions from electric utilities contribute to pollution in the form of acid rain.Which of the following describes how this affects the market for electricity?

• A)The equilibrium in the market is not efficient; the marginal benefit from electricity is greater than the marginal social cost.
• B)A deadweight loss occurs; at equilibrium the additional social cost of production is greater than the additional benefit to consumers.
• C)The equilibrium in the market is not efficient; because of the cost of the acid rain, economic efficiency would be greater if more electricity were produced.
• D)The equilibrium in the market is not efficient; consumer surplus is equal to producer surplus.

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Definitions:

Consciousness

The quality or state of being aware of an external object or something within oneself, including thoughts, feelings, and the surrounding environment.

Conscious Experience

The awareness of internal and external events or stimuli, including thoughts, feelings, and sensations.

Historical Schools

Intellectual groups or movements in history that have had a significant impact on teaching and learning in their time and have contributed to the evolution of educational thought and practice.

Structuralism

A theory of consciousness developed by Wilhelm Wundt and his student Edward Bradford Titchener, focusing on breaking down mental processes into the most basic components.