Before Solar Energy Can Become a Competitive Form of Energy

question 6

Multiple Choice

Before solar energy can become a competitive form of energy available for consumers,which of the following events must occur?

• A) Energy must be collected, converted into another form, and stored until needed.
• B) Energy must be converted into another form, stored until needed, and then converted into heat.
• C) Energy must be used to heat water, and solar energy is combined with steam to heat a photovoltaic system that produces electricity.
• D) Solar energy passes through a photovoltaic cell, which then stores the energy as heat until it is needed.
• E) Solar energy is used to power a photovoltaic cell, which splits water into hydrogen and oxygen, and the hydrogen can be used to provide energy.

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Definitions:

Nominal Interest Rate

The stated rate of interest without adjustment for inflation or other factors.

Real Interest Rate

The interest rate adjusted for inflation, reflecting the real cost of borrowing or the real yield on an investment.

Inflation Rate

The percentage increase in the general level of prices for goods and services in a country over a period, typically measured annually.

Industry Life Cycle

A sequence of stages from introduction, growth, and maturity to decline that industries typically go through, affecting companies’ strategies and performances.