ECONOMICS (CBSE/UGC NET)

ECONOMICS

OPPORTUNITY COST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What could be the opportunity cost of a nuclear power station?
A
the running costs of the power station
B
a coal-fired power station
C
the current value of the power station
D
the cost of building the power station
Explanation: 

Detailed explanation-1: -Deployment of nuclear energy increases the diversity of the energy mix, can facilitate the rise of variable renewables such as wind and solar, and also provides an opportunity – at scale – to reduce reliance on fossil fuels.

Detailed explanation-2: -The main difference is the type of fuel they use as the source of heat energy. Nuclear power plants use enriched radioactive elements such as uranium to produce heat in the process of nuclear fission whereas, coal-fired power plants use coal (a fossil fuel) as the source of energy.

Detailed explanation-3: -Nuclear is a zero-emission clean energy source. It generates power through fission, which is the process of splitting uranium atoms to produce energy. The heat released by fission is used to create steam that spins a turbine to generate electricity without the harmful byproducts emitted by fossil fuels.

There is 1 question to complete.