Asked by
Kayla Fields
on Nov 26, 2024Verified
The primary focus of energy economics is how
A) energy consumption is increasing.
B) energy production is decreasing.
C) people deal with the scarcity of energy.
D) people conserve crude oil for future use.
Energy Economics
A branch of economics that studies the use, distribution, and production of energy resources, as well as the economic impacts of energy policy.
Energy Scarcity
The lack of sufficient available energy resources to meet the demands of consumption.
Crude Oil
A naturally occurring, unrefined petroleum product used as a raw material for fuel and other chemical products.
- Understand the basic principles of energy economics and the importance of managing energy scarcity.
Verified Answer
MA
Learning Objectives
- Understand the basic principles of energy economics and the importance of managing energy scarcity.