4. 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.
4. 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.
Chapter1: What Economics Is About
Section: Chapter Questions
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4. 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.
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