If two telephones can connect to a central switch, those connection services are complements. Indicate whether the statement is true or false ANSWER T Together, those connections allow conversation to occur so the services complement each other.
The paradox of planning is that it can: a. Both create and relieve stress b. Produce anxiety c. Provide economic supply and demand d. Be only a short-term fix ANSWER A
_________ is a term referring to local area nesting, finding places outside home and work to spend time. a. Sustainability b. Hatching c. Re-starting d. Retreat ANSWER B
An auction has advantages over a lottery as a means of allocating the radio frequency spectrum. Indicate whether the statement is true or false ANSWER T Auctions will tend to put frequency in the hands of those who can make it more valuable. A lottery might ultimately reach a similar outcome after those who […]
Two operators of separate networks would not want to be compatible so they could connect their networks. Indicate whether the statement is true or false ANSWER F It is possible the enhanced network economies would motivate both network owners to want to interconnect (it is possible they would not want resulting competition, but network […]
The ______ Model provides a visualization of the problem-solving process. a. Eldridge b. Chain c. Central-satellite d. GO ANSWER D Pages 160
A person weighing uncertainty and risk is judging the ______ or likelihood of a good or bad outcome, a. Probability b. Perception c. Psychological extent d. Unwillingness ANSWER A
Two telephone networks that grant access so they can complete each others’ calls will be motivated to set efficient prices. Indicate whether the statement is true or false ANSWER F They can be motivated to set double mark ups, or to price with double marginalization, which is inefficient.
The fear of making decisions, a form of helplessness, is termed: a. Agoraphobia b. Decidophobia c. Ultraphobia d. Claustrophobia ANSWER B
Pricing between two networks that are completing each other’s calls is not affected by the volume of calls going in the two directions. Indicate whether the statement is true or false ANSWER F The network with the most calls coming in for completion will want a higher fee for access.