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Economics
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5 Dec 2017

3. Hydrogen fuel cells are a clean source of energy. A. True B. False

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Keith Leannon
Keith LeannonLv2
5 Dec 2017
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Related questions

1. In a competitive market, a free-market approach is always best when an external cost is present. True or false?

2. When externalities are present in a market, the social surplus is maximized. True or false?

3. The Clean Air Act of 1990:

a. established a tradable allowances program for sulfur dioxide.

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Imagine that politicians have decided that fuel prices are excessive for U.S. drivers and have passed a law that grants the power to regulate retail fuel prices to the U.S. Department of Energy. How might supply and demand for fuel be affected by fuel prices that are set by the Department of Energy instead of by a free market? Will the amounts of fuel demanded by consumers be met by the quantities supplied by a regulated market? Does a regulated market result in better economic efficiency in production and consumption than a free market?

Supply and Demand in a Regulated Market Imagine that politicians have decided that fuel prices are excessive for U.S. drivers and have passed a law that grants the power to regulate retail fuel prices to the U.S. Department of Energy. Post by Day 3 a 250- to 300-word statement that addresses the following:

How might supply and demand for fuel be affected by fuel prices that are set by the Department of Energy instead of by a free market?

Will the amounts of fuel demanded by consumers be met by the quantities supplied by a regulated market?

Does a regulated market result in better economic efficiency in production and consumption than a free market?

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