In the 1970s, the U.S. economy ________
A) grew at a faster pace than in the previous decade
B) experienced low inflation
C) experienced increases in unemployment
D) all of the above
E) none of the above
C
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Prior to the advent of MCI (later named Worldcom) the telecommunications industry largely relied on one kind of technology – the copper wire
Why do you suppose that the use of microwave technology employed by MCI offered an important challenge to the principle of natural monopoly that existed at the time justifying the reliance on one company – AT&T.
When Mexico's exchange rate depreciated dramatically in 1994,
a. American exports to Mexico increased b. American exports to Mexico declined c. Mexican tourism to the U.S. increased d. American tourism to Mexico decreased e. Mexicans received more dollars for their peso