The Largest Efficiency Gains from Deregulation Have Occurred in the

question 225

Multiple Choice

The largest efficiency gains from deregulation have occurred in the

• A) natural gas and cable television industries.
• B) cable television and railroad industries.
• C) communications and stock-brokering industries.
• D) airlines, trucking, and railroad industries.

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Definitions:

Nobel Prize

An international award given annually in several categories such as literature, peace, and various sciences, recognizing outstanding contributions to humanity.

Daniel Kahneman

A renowned psychologist and economist known for his work in the field of behavioral economics, particularly his research on decision-making and risk-taking.

Neoclassical Economics

An economic theory that focuses on how supply and demand balance to allocate resources efficiently in markets.

Behavioral Economics

A field of study that analyzes how psychological, cognitive, emotional, cultural, and social factors affect economic decision-making processes.