38. Which of the following statements on energy efficiency gap is correct? a. It is mainly due to government failure. b. It refers to the difference between observed levels of energy efficiency and costeffective optimal energy efficiency. c. It is synonymous with the rebound effect. d. All of the above.
38. Which of the following statements on energy efficiency gap is correct?
a. It is mainly due to government failure.
b. It refers to the difference between observed levels of energy efficiency and costeffective optimal energy efficiency.
c. It is synonymous with the rebound effect.
d. All of the above.
39. Which one of the following statements on the causes of the energy efficiency gap is
correct?
a. The likelihood of buying an energy efficient refrigerator is higher if a consumer
perceives a discount rate that is much higher than the market discount rate.
b. Bounded rationality implies that consumers make decisions by comparing benefits
and costs.
c. The principal/agent issue points out the possibility that a tenant is likely to use more
energy if the utilities are covered in the rent.
d. If energy markets are not competitive there will be an energy efficient gap.
40. Which one of the following statements on the rebound effect is correct?
a. It is only due to an increase in income.
b. It is the reduction in energy savings due to the implicit energy price decrease that
occurs with an increase in energy efficiency.
c. It has no effect on energy use.
d. It increases savings in energy.
41. Firms that benefit from economies of scale:
a. Performs more efficiently when output is small.
b. Would not be considered natural
c. Prefer to operate under marginal cost pricing.
d. Face declining marginal cost.
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