Granting all producers access to transmission lines opened up an effective market for electricity
Indicate whether the statement is true or false
F The transmission lines that public utilities constructed for their own use are not configured well for supporting a market for electricity, and the present grid system has congestion and other problems as it assumes a greater role in supporting electricity markets.
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According to your authors, a necessary condition for the evolution of a successful commercial society includes
A) stable interest rates. B) reasonably secure property rights. C) a superabundance of natural resources. D) zero economic losses.
You put money into an account that earns an 8 percent nominal interest rate. The inflation rate is 5 percent, and your marginal tax rate is 10 percent. What is your after-tax real rate of interest?
a. 2.2 percent b. 2.7 percent c. 11.7 percent d. 7.7 percent