Many US Cities Limit the Number of Taxis by Restricting the the Number

question 67

Multiple Choice

Many U.S. cities limit the number of taxis by restricting the number of licenses. The result, in comparison with free entry into the taxi industry, is

• A)better taxi service.
• B)increased competition in the taxi industry.
• C)higher taxi fares.
• D)lower taxi fares.
• E)free taxi rides.

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Definitions:

Genetic instructions

The information encoded in an organism's DNA that guides growth, development, and function.

Fluid intelligence

The ability to think logically and solve problems in novel situations, independent of acquired knowledge.

Prospective memory

The aspect of memory that involves remembering to perform a planned action or intention at the appropriate time.

Retrospective memory

The ability to remember information and events from the past, including facts, experiences, and people.