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:

Developmental Crisis

A critical period of transition or conflict in an individual's life, which requires a significant adjustment or change in the developmental process.

Intimacy Versus Isolation

A stage in Erik Erikson's theory of psychosocial development where young adults face the challenge of forming close relationships with others or experiencing loneliness and isolation.

Shared Household

A living arrangement where two or more individuals who are not part of the same family share living spaces and resources.

Cohabitation

Living together in a romantic relationship without being married.