Economists Favor the Use of Peak-Load Pricing Since It Can

question 196

Multiple Choice

Economists favor the use of peak-load pricing since it can

• A)improve the equity of the distribution of income.
• B)enhance the efficiency in the use of scarce resources.
• C)improve the profit levels of corporations.
• D)result in lower levels of pollution.

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Definitions:

Compulsive

Relating to behavior that is driven by an irresistible urge, often against one's conscious wishes.

Amnesic

Pertaining to amnesia, a condition characterized by loss of memory, often due to brain injury, disease, or psychological trauma.

Phobic

Exhibiting or pertaining to an extreme or irrational fear or aversion to a specific object, situation, or activity.

Obsessive-Compulsive Disorder

A mental disorder characterized by persistent, unwanted thoughts (obsessions) and repetitive behaviors (compulsions) as a way to manage anxiety.