Economists Have Said That Deregulation of the Electric Utility Industry

question 125

Multiple Choice

Economists have said that deregulation of the electric utility industry might lead to increased prices in the short run but prices will fall in the long run.In this context:

• A)the short run means the middle of next year.
• B)the short run means after all adjustments have been made and the quantities of all resources have been varied as necessary.
• C)the long run means after all adjustments have been made,the quantities of all resources have been varied as necessary,and new market entrants begin producing electricity.
• D)the short run means after new firms begin producing electricity.
• E)the long run means approximately ten years.

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Definitions:

DNS

Stands for Domain Name System, the protocol that translates human-friendly domain names to IP addresses, allowing users to access websites using easy-to-remember URLs.

Proxy

A server serving as a middleman for client requests aimed at obtaining resources from various servers, frequently employed to maintain anonymity or circumvent content limitations.

Duplex

An assembly option that allows a printer to print on both sides of a paper without intervention. Duplex is also a NIC setting to choose between half (transmits in one direction at a time), full (transmits and receives simultaneously), or auto.

Hibernate Mode

A low-power state used in computing devices that saves information in RAM to non-volatile memory such as a hard drive or flash media.