Does the text suggest that the falling prices in solar power generation come from economies of scale?
What will be an ideal response?
No. The source of the falling cost of solar power generation as described by the text is recent innovations in photovoltaic technology.
You might also like to view...
From the equation of exchange, if both nominal income and the quantity of money (M) have doubled, while the price level (P) has decreased by 50 percent and velocity (V) remains constant, then real output (Y) ________
A) also doubles B) triples C) quadruples D) decreases by 50 percent E) none of the above
___________ is the act of selecting among alternatives
a. Choice b. Risk c. Opportunity d. Fatalism
A key theme fundamental to all of economics is:
A) there are limited wants. B) we are a rich country but are simply not aware of it. C) people have unlimited wants facing limited means to satisfy them. D) there are unlimited resources.
Prior to the mortgage debt crisis, the most frequently employed restrictive monetary policy tool was
a. raising the reserve ratio. b. selling bonds in the open market. c. raising the discount rate. d. raising the prime interest rate.