Regulation of Broadcast by Government Radio Licensing Is Constitutionally Permissible

question 21

Multiple Choice

Regulation of broadcast by government radio licensing is constitutionally permissible under the ________ clause of the United States Constitution.

• A) commerce
• B) contracts
• C) free speech
• D) dormant commerce
• E) establishment

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Definitions:

Replacement Cost

Cost to replace a firm’s assets. Also called reproduction cost.

Economic Income

The sum of a company's net cash flow and the change in present value of a company's cash flows in a given period.

ROA

Return on Assets, a financial ratio indicating the profitability of a company relative to its total assets.

Capital Structure

The mix of a company's long-term debt, specific short-term debt, common equity, and preferred equity, which is used to finance its overall operations and growth.