If Energy Use Per Capita in Developed Countries Had Leveled

question 336

Multiple Choice

If energy use per capita in developed countries had leveled off, while GDP per capita had risen, then it must mean that

• A)energy efficiency had risen.
• B)energy efficiency had fallen.
• C)the energy-use-to-GDP ratio had risen.
• D)the GDP-to-energy-use ratio had fallen.

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Definitions:

Lack of Variety

A situation in a market where there are few different options or types of products available to consumers, potentially leading to decreased consumer satisfaction.

Close Substitute

A product or service that can easily replace another in consumption or use, due to similarities in characteristics or functionalities.

Monopolistic Competitors

Companies that are in a competitive market structure but with differentiated products, allowing them small amounts of market power to set prices.

Industry Supply Curve

A graphical representation showing how much product a market can offer at various prices, for a specific industry.