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The movement by the U.S.population to the ________ has lessened the demand for warm clothing and home heating equipment and increased demand for air conditioning.
Medallion System
A regulatory system often applied to taxis, where a finite number of medallions or permits are issued, allowing the holder to operate a taxi.
Taxicab Rides
The service provided by a vehicle licensed to transport passengers in return for payment, usually determined by a meter.
Economic Theory
A framework or set of principles explaining how economies function and how economic agents interact.
Quota Rent
The extra profit that producers can make when supply is artificially restricted by an import quota.
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