Deregulation of the telephone industry has reduced price competition and the volume of telephone service, ceteris paribus.
Answer the following statement true (T) or false (F)
False
Deregulation of the railroad, telephone, airline, and electricity industries has yielded substantial benefits: more competition, lower prices, and improved services.
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Which of the following provisions of the Affordable Care Act will work to keep high-risk and low-risk people in the same health insurance pool?
A) the employer mandate provision B) the individual mandate provision C) the stipulation that people with preexisting conditions cannot be denied health insurance D) all of the above
When the price of cable modems decreased from $100 to $85, the number of cable modems produced fell from 1,000 per week to 850 per week. Using this information, we know the supply of cable modems is
A) elastic. B) inelastic. C) unit elastic. D) perfectly inelastic.
If a production possibility frontier is a straight line, it tells us that the opportunity cost of producing one more unit of good X is:
A) an increasing amount of good Y. B) a decreasing amount of good Y. C) equal to the inverse of the amount of good Y. D) a constant amount of good Y
At an interest rate of 4 percent, what would be the present value of receiving $4,000 four years from now?
A) $3,420 B) $3,637 C) $3,704 D) $3,847