Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
22.) What percentage of France's electricity is generated by nuclear energy?
a. 25 percent
b. 50 percent
c. 75 percent
Expert Solution
Step 1
A market is a place where the sellers as well as the buyers come and interact with each other regarding the goods and services produced and demanded and the agree to trade them between them at a mutually agreed price level in the economy. The sellers will sell the product and the buyers will buy the products from their counterparts. When the two groups are from the same economy, then the trade is domestic and when it is from different economies, then it becomes international.
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