The introduction of computer-based technologies in the telephone industry caused
a. an increase in the supply of telephone services.
b. an increase in the demand for telephone services.
c. an increase in the price of telephone services.
d. a decrease in the number of calls handled daily by telephone companies.
a. an increase in the supply of telephone services.
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From the apartment landlord's perspective, what might be a substitute use of his rental property?
A) A parking lot B) An office complex C) A condominium D) Any of the above. E) Definitely none of the above.
Which of the following would be classified as unemployed?
a. mothers who choose to stay at home with their preschool-age children b. retirees who are no longer working at a job c. students attending school full time d. a 20-year old looking for her first job
The recession that began in the United States in 2007
What will be an ideal response?
As a result, of adverse selection problems in the fire insurance market, it is likely that over time
A. fewer low-risk and high-risk people will be insured. B. fewer high-risk people will be insured. C. fewer low-risk people will be insured. D. more low-risk people will be insured.