According to Your Textbook,between 1930 and 1990,the Cost of a Three-Minute

question 124

Multiple Choice

According to your textbook,between 1930 and 1990,the cost of a three-minute phone call between New York and London fell from $244.65 to $3.32.This decrease can be mainly contributed to

• A) open communication between governments.
• B) the advent of the microprocessor.
• C) continuing efforts to globalize.
• D) high corporate ethical standards.
• E) the deregulation of the telecommunications industry.

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Definitions:

Government

The organization or system through which a community, state, or nation is governed and regulatory policies are implemented.

Subsidizes

Financial aid supplied by the government to an industry or business so that the price of a commodity or service may remain low or competitive.

Steel

A hard, strong alloy made primarily of iron and carbon, used extensively in construction and manufacturing.

Substitutes

Goods or services that can be used in place of each other, where an increase in the price of one leads to an increase in the demand for the other.