Limits on the number of broadcast television stations or AM and FM radio stations one owner could own were eliminated by the Telecommunications Act of 1996
Indicate whether the statement is true or false
T Congress accepted that many new sources of competition existed from cable and other sources and eliminated ownership limitations that had once been imposed to preserve a large number of sources of information.
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If the Federal Reserve eliminated all reserve requirements the most likely result would be
A) a large number of depository institution failures because they would not have enough liquidity. B) the Federal reserve would be unable to control the money supply. C) banks would no longer be able to clear checks at the Federal Reserve because there would be no required reserves. D) the size of the money multiplier might fluctuate considerably making the Federal Reserve's job of controlling the money supply more difficult.
On average each year, about 7 percent of all firms in the United States are new and 1 percent go out of business. According to the text, luck may play a role. Which of the following reasons for failure might be attributable to luck?
A) An individual undertakes a very risky venture so that his product is first to market. B) An executive fails to undertake an investment that would have yielded great success. C) An executive focuses on the incorrect objective. D) An executive undertakes an investment just prior to a major natural catastrophe that destroys the firm's assets. E) An executive fails to perceive what customers really want.
If, after careful analysis, an economist concludes that there has been a market failure, which of the following possible corrective actions might the economist favor? Why? a. prohibiting the activity b. charging fees for continuing the activity c. requiring that the public be informed of the activity d. government purchase of the item for the public
What will be an ideal response?
If R2ur = 0.6873, R2r = 0.5377, number of restrictions = 3, and n- k- 1 = 229, F statistic equals:
A. 21.2 B. 28.6 C. 36.5 D. 42.1