The First College to Get All of Its Energy from Renewable

question 22

Multiple Choice

The first college to get all of its energy from renewable resources was ________.

• A)University of Alberta
• B)University of California at Berkeley
• C)Concordia University
• D)Emory University
• E)College of William and Mary

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Definitions:

Nonrival in Consumption

A characteristic of some goods where one person's consumption does not reduce the availability of the good for consumption by others.

Nonexcludable

A characteristic of a good or service where it is not possible to prevent people who have not paid for it from having access to it.

Negative Externality

A cost that is suffered by a third party as a result of an economic transaction.

Pigovian Externality

A situation where a market activity imposes a positive or negative cost or benefit on a third-party that is not reflected in the market price.