Asked by Sydney Mankin on Jun 11, 2024
Verified
Statement I.In the United States all public utilities are government owned.
Statement II.The Tennessee Valley Authority (TVA) is an example of a government owned public utility.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Tennessee Valley Authority
a U.S. government agency established in 1933 to address a wide range of environmental, economic, and technological issues in the Tennessee Valley region.
Government Owned
Entities or assets that are owned, controlled, or operated by the government or a public authority.
- Evaluate the role of government in regulating monopolies and preventing excessive pricing.
Verified Answer
AD
Anand DesaiJun 12, 2024
Final Answer :
B
Explanation :
Statement I is false as not all public utilities in the United States are government owned. There are also privately owned public utilities.
Statement II is true as the Tennessee Valley Authority (TVA) is a government owned public utility responsible for providing electricity, flood control, and other services in the Tennessee Valley region.
Statement II is true as the Tennessee Valley Authority (TVA) is a government owned public utility responsible for providing electricity, flood control, and other services in the Tennessee Valley region.
Learning Objectives
- Evaluate the role of government in regulating monopolies and preventing excessive pricing.