The Activity That Uses the Greatest Share of U

question 26

Multiple Choice

The activity that uses the greatest share of U.S.household water is

• A)bathing.
• B)drinking and cooking.
• C)flushing the toilet.
• D)washing clothes and dishes.
• E)watering lawns.

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Definitions:

Long Hedger

An investor or trader who enters into contracts to purchase a commodity or asset at a future date to protect against price increases.

Short Hedger

An investor who hedges against potential price declines by selling futures contracts or entering into similar derivatives positions.

Increase

A rise in the quantity, level, or number of something.

Basis

Basis refers to the difference between the spot price of a commodity and the futures price of the same commodity, which can indicate market expectations of future price movements.