"Today the U.S. telecommunications industry remains heavily regulated by the government as it was some 30 years ago." Do you agree or disagree? Why?
What will be an ideal response?
Disagree. The telecommunications industry today is far from a natural monopoly as it was some 30 years ago, because consumers have increasingly substituted cellular and Web-based phone services for the traditional wired phone services. In addition, multiple wired-service operators compete today in many locales. All these factors make the U.S. telecommunications industry more competitive today.
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A portion of the balance of payments in which remaining outstanding claims are financed is known as the
a. current account. b. settlement account. c. capital account. d. balance of trade.
Exhibit 16-3 Income for two persons NameIncome Meredith$124,000 Hillary$ 45,000 In Exhibit 16-3, if the income tax system is currently proportional, we know that:
A. Meredith would probably prefer a progressive income tax system while Hillary would probably prefer a regressive income tax system. B. Meredith and Hillary would both probably prefer a regressive income tax system. C. Meredith and Hillary would both probably prefer a progressive income tax system. D. Meredith would probably prefer a regressive income tax system while Hillary would probably prefer a progressive income tax system.
Money ________
A) is always composed of coins and paper B) loses its value as it becomes older C) requires a double coincidence of wants D) is any commodity that is generally acceptable as a means of payment
If the loanable funds market pays 8 percent and you want to earn $1,000 a year of interest income, how much in loanable funds must you supply to the market in order to accomplish this?
a. $8,000 b. $10,000 c. $14,000 d. $12,500 e. $18,000