On Hot Summer Days, Electricity-Generating Capacity Is Sometimes Stretched to the Limit

question 96

Multiple Choice

On hot summer days, electricity-generating capacity is sometimes stretched to the limit. At these times, electric companies may ask people to voluntarily cut back on their use of electricity. On these days, electricity is

• A)excludable, but nonrival in consumption.
• B)not excludable, but rival in consumption.
• C)excludable and rival in consumption.
• D)not excludable and nonrival in consumption.

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Definitions:

Natural Resources

Materials or substances that occur in nature and can be used for economic gain, such as minerals, forests, water, and fertile land.

Ethnic Turmoil

Social or political unrest and conflict caused by ethnic differences, which can lead to violence and disruption in societies.

Occupational Safety

Practices and policies in place to ensure the health and safety of employees in the workplace.

Antitrust Issues

Legal matters related to laws that prevent monopolies and promote competition among businesses.