Asked by LaTasha Simmons on Jun 02, 2024
Verified
What is one result of keeping energy prices artificially high?
A) It discourages improvements in energy efficiency.
B) It dampens economic growth.
C) It causes high unemployment.
D) It increases dependence on imported energy.
Energy Prices
The cost associated with procuring energy, influenced by factors like supply and demand, geopolitical stability, and production costs.
Energy Efficiency
The goal of using less energy to provide the same level of energy service, such as lighting, heating, or cooling.
Economic Growth
An increase in the production of goods and services in an economy over a period of time.
- Analyze the impact of energy strategies and innovations on lessening dependency on non-renewable energy forms.
Verified Answer
EP
Evelyn PinedaJun 04, 2024
Final Answer :
B
Explanation :
Keeping energy prices artificially high dampens economic growth by increasing the cost of production and reducing consumer purchasing power. This can result in lower job creation and fewer business investments.
Learning Objectives
- Analyze the impact of energy strategies and innovations on lessening dependency on non-renewable energy forms.