Photoelectric Effect: The photoelectric effect is the name given to the observation that when light is shone onto a piece of metal, a small current flows through the metal. The light is giving its energy to electrons in the atoms of the metal and allowing them to move around, producing the current. However, not all colors of light affect metals in this way.
Albedo: Albedo, or reflection coefficient is the diffuse reflectivity or reflecting power of a surface. It is defined as the ratio of reflected radiation from the surface to incident radiation upon it. Being a dimensionless fraction, it may also be expressed as a percentage, and is measured on a scale from zero for no reflecting power of a perfectly black surface, to 1 for perfect reflection of a white surface.