Americans Are Always Connected Today, Talking on the Phone at Home

question 32

Multiple Choice

Americans are always connected today, talking on the phone at home, while driving down the road and while shopping for groceries. But that wasn't always the case. In fact, it wasn't that long ago people had to go through an operator in order to get connected with the person they were trying to reach. How do cell phones impact the labor market for telephone operators?

• A) Decreased telephone operators' value of marginal product
• B) Increased the demand for telephone operators
• C) Increased the supply for telephone operators
• D) Decreased the marginal productivity of telephone operators

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Definitions:

Audits

Systematic examinations and verifications of a company's financial and accounting records and operations.

Nonmaterial Way

A term often related to philosophical, spiritual or cultural practices that involves something intangible, not based on material or physical objects or needs.

Liability

The condition of having legal accountability, especially regarding debts or legal duties.

Contractually Agreed Upon Fee

A fee that parties have explicitly decided upon within a contract for services or goods.