Exam 13: Fossil Fuels: Energy of the Industrial Age

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Which phrase describes conventional reserves?

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C

Choose the product that contains components that are derived from petroleum.

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D

The municipal coal-burning power plant for your city is concerned about the future costs associated with carbon dioxide (CO2) emission policies. Explain how carbon taxation and cap-and-trade policies are each designed to reduce CO2 emissions. To which readily available fossil fuel could this power plant switch in order to decrease CO2 emissions and their anticipated costs?

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A carbon tax charges a power plant when it produces carbon dioxide by burning a fossil fuel, such as coal. The higher the carbon content of the fuel, the greater the CO2 emissions, and the higher the tax. Another approach is a cap-and-trade program in which an overall maximum allowable emissions standard (cap) is set across all polluters; then the emissions under the cap are allotted to users, such as power plants, in the form of allowances. Allowances can be bought, sold, traded, or banked for the future in an open market. Both of these approaches create an incentive to reduce pollution. Coal is the most abundant fossil fuel, and it has been used to produce electricity for many years. However, coal is more carbon dense than other fuels, and its combustion produces large quantities of carbon dioxide (CO2), a greenhouse gas. Nationwide, many power plants are converting to natural gas, a hydrocarbon that contributes 50% less CO2 than does coal.

Which of the choices correctly describes tar sands?

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Select the example of a biofuel.

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Select the scenario in which the relative productivity would increase.

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Select the example of the Jevons paradox.

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Biofuels are derived from

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Select the statement that correctly describes an outcome associated with extraction.

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Select the example that best matches the definition of an inferior good.

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At current levels of global production and consumption, world oil reserves are predicted to last approximately how many years?

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Select the fossil fuel that formed when the energy stored in the dead bodies of aquatic microscopic organisms transformed into a liquid deposit.

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Describe some of the economic forces and government actions in England that facilitated the energy transition from wood to coal as the dominant energy source.

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Which of the choices correctly describes a cap-and-trade policy, but not a carbon tax policy?

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Which of these statements correctly describes carbon capture and storage (CCS) technology?

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Describe how oil, natural gas, and coal form. Why are these fossil fuels considered to be nonrenewable resources?

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What is an inferior good?

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In the United States, the federal government has encouraged the development of carbon capture and storage technology through hundreds of millions of dollars in grants to private companies. This is an example of a(n)

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What are the major advantages and disadvantages of using each type of fossil fuel: coal, oil, and natural gas?

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Which statement correctly describes hydrocarbons?

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