The Inevitable Energy Lost as Heat in the Generation of Electrical

question 105

Multiple Choice

The inevitable energy lost as heat in the generation of electrical energy in the most efficient fossil fuel based power plant is a result of

• A)the first law of thermodynamics.
• B)the second law of thermodynamics.
• C)a poor understanding of energy conversion.
• D)designed inefficiencies to increase costs to the consumer.

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Definitions:

Expected Holding-Period Return

The total return anticipated on a bond if it is held until the end of its lifetime or holding period, including interest payments and capital gain or loss.

Probability Distribution

An analytical function that describes every probable value and its likelihood for a random variable over a predefined interval.

Stock of the Economy

The stock of the economy refers to the total value of all assets and investments available within an economy at a given time.

Expected Standard Deviation

A measure of the amount by which an asset's return is expected to deviate from its average return, used as an indicator of the risk associated with the asset.