In a free market, the supply and demand curves cross at the __________
Fill in the blank with the appropriate word.
Answer: equilibrium price
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Which of the following is true of the adoption of television as a medium in the United States?
a. Walter Dealey obtained the first commercial television license in the state in 1948. b. The FCC was set up by Texas in 1950 to regulate television stations. c. The first television license in the United States was issued by the city of Dallas. d. In 1950, a two-year moratorium was issued on granting licenses by the FCC.
Why did Martin Luther's actions spark the Reformation?
A. He called for a social contract between religious leaders and the faithful. B. He openly criticized harmful practices of the Catholic Church. C. He wanted the powers of Catholic priests to be increased. D. He campaigned to be pope but was rejected. E. He denounced the concept of the divine right of kings.