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Coax Question

Does Coax consist of 1 "carrier" cable (i.e. the inner cable)? If so, how are Transmit and Receive signals distinghuisiable?
I'm pretty familiair with Ethernet, but I can't find any answers to this (perhaps n00b) question...
Thanks in advance!

[edit]

24 hours and a lot of google search, and other forum posts later, I think I got this one, any response would still be welcome of course, but I think most of what I wanted to know asking abovelisted question, has been answered

yes, one cable, but multiple frequencies. putting it back to enet... one network, but can do lots of multicasts ;-)

~Carl

Twisted pair ethernet uses DC electrical voltage (+/-2.5v) to send signals (bits) on the wire

Coax comprises of center conductor plus outer sheild and carries (AC) RF energy. In DOCSIS application there is frequency division multiplexing to allow multiple discreet channels on the same cable (6MHz or 8MHz spacing)