Ethanol (E10) refers to
a. an alternative fuel that includes 10 units of MTBE
b. the fuel commonly called gasohol
c. a fuel comprised of 10 percent ethanol and 90 percent gasoline
d. all of the above
e. (b) and (c) only
e. (b) and (c) only
You might also like to view...
Refer to the above figure. Which panels could represent the situation if the Fed had engaged in open market operations?
A) Panels A and B B) Panels A and C C) Panels B and C D) Panels C and D
Defining what money is:
A. is easier to do in the long run than in the short run. B. is the easiest, but least important part of monetary policy. C. is easy to do, which explains why monetary policy is so effective. D. isn't easy, and this makes monetary policy more difficult.
How does real gross domestic product (GDP) differ from nominal GDP?
A) Nominal GDP can be used to directly compare the amount of output produced from year to year, while real GDP cannot be used for such comparison. B) Nominal GDP controls for price changes, while real GDP does not. C) Real GDP controls for price changes, while nominal GDP does not. D) There is no difference between nominal GDP and real GDP.
If a firm is earning just enough to cover all its economic profits does that mean it's not making a profit?
What will be an ideal response?