externalities and alternative fuels

Related BrainMass Solutions

• U.S. economy and current market failures

  The Federal government should also expand the present programs such as vehicle CAFÉ fuel efficiency standards, and renewable fuels standards. This will reduce externalities that are harming the country and also other countries (2).

• benefits of alternative fuel vehicles

  Research reiterates that "alternative fuels provide safety and environmental benefits when compared to gasoline and diesel fuels.

• Energy Resource Challenges - Alternative Energy

  The alternative energies discussed in the video are solar, wind, and plant-based fuels.

• Waste and Fossil Fuels

  • What are two alternative energy resources that could replace the selected fossil fuels? Currently no alternative energy resources can replace coal and oil.

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  Biomass-based fuels such as biodiesel and alcohols are renewables that drive from yearly crops rather than non-renewable fossil fuels. They too are also much less polluting than their fossil fuel alternative.

• How Climate Change Influences a Nation's Economy

  With this in mind, what do you think the perception of the U.S. by the rest of the world would be if adequate alternative energy sources were developed and we no longer relied on imported fossil fuels?

• Production Economic Theory

  In light of the desire to reduce our use of foreign produced oil, many have suggested we should subsidize this production and shift to alternative fuels. Is this a good or bad idea from and economic view?

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  The example, "Development of alternative fuels that are non-polluting, easy to use and have a low cost should be undertaken by this company" is correct because the company is involved in alternative fuels business.

• Are sunk costs, opportunity costs and externalities relevant for evaluating projects?

  Any externalities (both positive and negative) that are incurred if the project is undertaken. Incorrect. Externalities are costs incurred by third parties.