Which of the following is true with regard to the costs of subsidization?
A) Subsidization in the form of high feed-in tariffs lowers electricity prices.
B) U.S. consumers had benefited from the cost-efficient location of production in China even though it meant the loss of high-paying jobs in the United States.
C) The demand-side subsidies increased the negative externalities from emissions.
D) Renewable energy production such as solar and wind power was cost competitive and hence was not dependent on subsidies.
Correct Answer:
Verified
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