President Obama Has Proposed Several Initiatives to Help the United

question 21

Multiple Choice

President Obama has proposed several initiatives to help the United States reduce its foreign oil consumption.Some of his initiatives are:

• A)Renewed emphasis on nuclear power for electricity, expansion of off-shore drilling for oil & increased CAFÉ standards
• B)Increased CAFÉ standards, prohibition of off-shore drilling, nuclear power for electricity
• C)Increased household appliance efficiency, weatherization program for homes and public buildings & maintaining current CAFÉ standards
• D)Increased federal funding for research and development of nuclear technology, prohibition of offshore drilling & reduction in CAFÉ standards to help American automakers

---

Definitions:

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, usually identified by a fall in GDP in two successive quarters.

Opportunity Cost

The price paid for not selecting the next most favorable choice during a decision-making process.

Marginal Productivity

The additional output that is produced by using one more unit of a particular input, holding all other inputs constant.

Tourist Income

Revenue generated by a country or region from visitors who travel there from other areas, spending on accommodations, attractions, and other services.