Biofuels ____

question 14

Multiple Choice

Biofuels ____.

• A) are a renewable source of energy
• B) do not produce carbon dioxide when burned
• C) are made from organic remains of ancient organisms
• D) release energy without using oxygen
• E) do not damage the environment

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Definitions:

Purchasing Power Parity

A theory that states prices of goods and services should equalize across countries when expressed in a common currency, meaning a basket of goods should cost the same regardless of the country after accounting for exchange rates.

Big Mac

a hamburger sold by the international fast-food chain McDonald's, often used as a symbol of globalization and sometimes as a reference point in economic studies like the Big Mac Index.

Fixed Exchange Rates

A system where the value of a country’s currency is pegged at a set rate to another currency or a basket of currencies.

Foreign Exchange Market

A global decentralized or over-the-counter market for trading currencies, determining exchange rates for every currency.