"Stranded costs" complicated restructuring in the electricity industry
Indicate whether the statement is true or false
T In many areas, introducing competition lowered the value of assets by an amount called stranded costs, and owners of those assets—who had constructed them in good faith under different regulatory rules—wanted compensation for the loss.
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According to the neoclassical growth model, economic growth in the steady state occurs because of
a. increasing populations, which increase the demand for consumption. b. exogenous increases in technology. c. international trade. d. active governments, which stimulate consumption through government spending. e. all of the above.
In the United States the degree of individual income mobility (that is, the degree to which people move from higher to lower, or lower to higher, income groupings) is: a. rigid in both directions
b. flexible in both directions. c. flexible upward but rigid downward, since high income perpetuates itself from generation to generation. d. flexible downward but rigid upward, since most low-income people never rise significantly above the poverty level.