The Telecommunications Act of 1996 brought financial well-being to telecommunications firms
Indicate whether the statement is true or false
F The years after passage of the Telecommunications Act were not financially successful for many telecommunications firms.
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Real GDP is a better gauge of economic well-being than is nominal GDP
a. True b. False Indicate whether the statement is true or false
A prestigious private high school requires each of its teachers to have a Ph.D. in the subject they teach. This requirement is likely to
a. increase the supply of teachers to this school. b. increase wages for teachers at the private school relative to those at public schools. c. decrease the marginal product of teachers at the private school. d. All of the above are correct.
The general rule governing the hiring of workers is to:
A. maximize the marginal product of labor. B. equate marginal labor costs to marginal labor benefits. C. equate total labor costs to total labor benefits. D. minimize average labor costs.
One of the main arguments against further growth for industrialized nations focuses on the issue of:
A. infrastructure development. B. feedback mechanisms. C. technological knowledge. D. environmental quality.