Economics class: UK government to increase offshore wind subsidies by 66%
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Specification:
Demand and supply, externalities, substitutes and complements
Click to read the article below and then answer the questions:
UK government to increase offshore wind subsidies by 66%
Compare the capacity of wind turbines during the period shown
“Taller towers are more efficient and cost effective.” Using a demand and supply diagram, analyse the potential effects on the market for wind turbines
Identify the costs associated with building bigger and better wind turbines
Define negative externality
Identify the negative externalities associated with building wind turbines
Identify the benefits associated with building wooden turbines
Evaluate whether wooden turbines are a perfect substitute for steel turbines
Gavin Clarke, Emmanuel College
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