Refer to the information provided in Figure 13.9 below to answer the question(s) that follow.  Figure 13.9 Refer to Figure 13.9. From society's point of view, the efficient level of electricity production is ________ megawatts.

A. 500
B. 600
C. 800
D. 1200


Answer: C

Economics

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The figure above shows Sally's budget line and one of her indifference curves. At point a, Sally's marginal rate of substitution is ________

A) 1/4 B) 4 C) 10 D) 40

Economics

In the case of national defense protection, ________ is a better policy than protection

A) a production subsidy combined with free trade B) an income tax C) direct government provision of infrastructure D) None of the above is better

Economics

To reduce structural unemployment, a nation should focus on:

a. Changing the exchange rate so more can be exported and less imported. b. Improving educational opportunities and job training c. Increasing government spending for the military. d. Cutting income taxes. e. All the above.

Economics

Excise taxes are a form of sales tax.

Answer the following statement true (T) or false (F)

Economics