Deregulation, especially for the transportation and telecommunication industries, was the trend in the United States during the:
A. 1930s and it means increasing or phasing in government restrictions on economic activity.
B. 1950s and it means elimination or phasing out of government restrictions on economic activity.
C. 1970s and it means increasing or phasing in government restrictions on economic activity.
D. 1980s and it means elimination or phasing out of government restrictions on economic activity.
Answer: D
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Who regulates the quantity of money circulating in the economy?
A) the Federal Reserve B) the banking system C) the U.S. Congress D) the President of the United States E) The U.S. Congress and the President share the control.
A firm's cost of production is determined by all of the following except
A) the productivity of its workers. B) the amount of corporate taxes it must pay on its profit. C) the technology used to produce its output. D) the cost of raw material used in production.
In 1999, around 24 percent of college students attended private schools
a. True b. False
Which of the following is TRUE?
A) APC + MPS = 1 B) MPC + MPS = 1 C) 1 + APC = APS D) APC - APS = 1