Solve the Problem. -The Federal Government Requires a Car Manufacturer to Have a to Have

question 104

Multiple Choice

Solve the problem.
-The federal government requires a car manufacturer to have a minimum miles per gallon (mpg) average over the models it makes. Suppose that the mpg's for the five models of a manufacturer are 19, 21, 22, 28, and 18,
And the government requirement is 25 mpg. The last of the models is to be redesigned to meet the government requirement. What must the new mpg of this model be to meet the requirement?

• A)25 mpg
• B)17 mpg
• C)26 mpg
• D)42 mpg

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Definitions:

Eurozone

The 19 nations (as of 2019) of the 28-member (as of 2019) European Union that use the euro as their common currency. The eurozone countries are Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.

Exchange Rates

The rate at which one currency can be exchanged for another, influencing international trade and economics.

Monetary Policy

Actions taken by a central bank or financial authority to regulate the supply of money and interest rates in an economy to achieve macroeconomic objectives.

Foreign Exchange Reserves

Assets held by central banks in foreign currencies, used to back liabilities on their own currency as well as to influence monetary policy.