Solve the Problem

question 108

Multiple Choice

Solve the problem. Where appropriate, round to the nearest tenth of a percent.
-The graph shows the number of cars (in thousands) produced by a car manufacturer in the years 1980, 1985, 1990, 1995, 2000, and 2005. Which five -year period saw the largest percent increase in Production?

• A) 1980 to 1995
• B) 1980 to 1985
• C) 1995 to 2000
• D) 1990 to 1995

---

Definitions:

Cost-Benefit Analysis

A systematic approach to estimating the strengths and weaknesses of alternatives used to determine options that provide the best approach to achieve benefits while preserving savings.

Economic Project

An undertaking, often with a definable objective, time frame, and set of resources, designed to achieve specific economic outcomes.

Coase Theorem

The idea, first stated by economist Ronald Coase, that some externalities can be resolved through private negotiations among the affected parties.

Nonrivalry

A characteristic of some goods where one person's consumption does not diminish the ability of others to consume the same good.