When Assessing Energy Resources, It Is Helpful to Use a Measure

question 32

Multiple Choice

When assessing energy resources, it is helpful to use a measure called EROI, which is ___________.

• A)amount of energy invested minus heat released into the environment
• B)energy returned minus energy invested
• C)energy returned divided by energy invested
• D)energy returned plus energy invested
• E)money invested in extraction and processing minus income from sales

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Definitions:

Surplus

An excess amount of a product or resource relative to demand, often leading to lower prices or stockpiling.

Equilibrium Price

Equilibrium price is the price point at which the quantity of goods supplied equals the quantity of goods demanded in the market.

Price Ceiling

A legal maximum price that can be charged for a good or service, typically set by the government to ensure affordability.

Price Floor

A government or regulatory-imposed minimum price for a good or service, intended to prevent prices from falling below a certain level.