Deregulation, especially for the transportation and telecommunication industries, was the trend in the United States during the:
A) 1930s and it means increasing or phasing in government restrictions on economic activity.
B) 1950s and it means elimination or phasing out of government restrictions on economic activity.
C) 1970s and it means increasing or phasing in government restrictions on economic activity.
D) 1980s and it means elimination or phasing out of government restrictions on economic activity.

Question

Quizplus · Accepted Answer

Deregulation, especially for the transportation and telecommunication industries, was a trend in the United States during the 1980s and it means the elimination or phasing out of government restrictions on economic activity. This was a time when there was a push towards free market principles and a belief that government intervention was hindering economic growth. This led to the removal of regulations in industries such as aviation, trucking, and telecommunications, which allowed for more competition and innovation in these sectors.

Deregulation, Especially for the Transportation and Telecommunication Industries, Was the Trend