Which of the Following Was the Result of Government Deregulation

question 60

Multiple Choice

Which of the following was the result of government deregulation of cable TV in the 1980s?

• A) The price of cable television fell.
• B) The number of cable television stations increased.
• C) The quality of cable television declined dramatically.
• D) Consumers were upset as the price of cable television rose dramatically.

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Definitions:

Interest Rate

The percentage of a loan charged to the borrower as interest, usually represented as an annual percentage rate of the remaining loan balance.

Market For Foreign-Currency Exchange

A marketplace where participants can trade currencies from different countries, essentially a repeated framework for the process in

Real Exchange Rate

The price of one country's currency in terms of another currency, adjusted for inflation, which reflects the purchasing power between the two countries.

Surplus

The situation in which the quantity of a good or service supplied is more than the quantity demanded.