Which of the Following Statements About the American Aviation Industry

question 52

Multiple Choice

Which of the following statements about the American aviation industry in the late 1920s is accurate?

• A)The aviation industry grew far less prominent because combat planes were no longer needed.
• B)The United States did not yet have its own aviation industry and still relied on European planes.
• C)The federal government subsidized the aviation industry to help promote it as a new form of transportation.
• D)The Lindbergh flights made the American public far more disapproving of the aviation industry.
• E)Amelia Earhart built and flew the world's first airplane, which immediately launched the aviation industry.

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Definitions:

Mixers

Devices used for mixing components; in an economic context, could refer to firms or gadgets blending products in the market.

Range of Output

The difference between the maximum and minimum quantities of a product that a company can produce or sell over a certain period.

Diseconomies of Scale

The scenario where a company or firm experiences an increase in marginal costs when output is increased.

Long-Run Average Cost

The average cost per unit of output when all inputs, including physical capital, are variable in the long term.