A transformer utilizes an inductor to increase or decrease the voltage in a circuit. AC flowing in a coil wrapped around an iron core magnetizes the core causing it to produce a magnetic field. This magnetic field generates a voltage in a nearby coil of wire and, depending on the number of turns in the wire of the primary (source) and secondary coils and their proximity, voltage is induced in the secondary coil.

Capacitors store electricity and are used in circuits as temporary batteries. Capacitors are charged by DC current (AC current passes through a capacitor) and that stored charge can later be dissipated into the circuit as needed. Capacitors connected in series produce less capacitance than capacitors connected in parallel.

Electricity is delivered from power stations to customers as AC because it provides a more efficient way to transport electricity over long distances. A line drop is a decrease in voltage between two points on an electrical transmission line due to resistance in the line. A lower current and higher voltage across the line will help compensate for the line drop.

A thermocouple is a temperature sensor that consists of two wires made from different conductors. The junction of these two wires produces a voltage based on the temperature difference between them and can be used like a switch to open or close the circuit at a designated temperature.

All conductors have resistance and the amount of resistance varies with the element.  But, resistance isn't the only consideration when choosing a conductor as the most highly conductive elements like silver and gold are also more expensive and more brittle than slightly less conductive elements like copper. A balance needs to be struck between the electrical qualities of a material and its cost and durability.