An extemal cost is one that is associated with the use of a good or service but is not included in its initial cost The combustion of fossil fuels like coal and oil release impurities associated with the fuels into the atmosphere These impurities cen impact the
environment and human health by damaging the surface of plants or impacting human respiratory health. Which of these actions
would best address the issue of extermalities not being included in the costs of fossil fuels?
A)
Reducing the electriaty bills of homeowners by 10%
B)
Decreasing the reliance on fossil fuels by building more wind farms
Increasing the fuel tax associated with the price of a gallon of gas
Reducing the allowable limits of emissions for point source factories
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