Which Statement Is Correct Regarding the Restrictions on Entry into the Airline

question 7

Multiple Choice

Which statement is correct regarding the restrictions on entry into the airline industry?

• A) Resources were equally allocated because new airlines were kept out of the industry.
• B) Resources were misallocated because low-cost airlines were kept out of the industry.
• C) Resources were efficiently allocated because high-cost airlines were kept out of the industry.
• D) Resources were reallocated because only low-cost airlines were allowed to enter the industry.

---

Definitions:

Paired Comparisons

A method used to evaluate, rank, or make choices between options by comparing them in pairs.

Performance Appraisal Method

A system used by organizations to evaluate and improve employee performance through structured feedback and ratings.

Comparative

Involves the study or analysis of differences and similarities between entities, such as countries, organizations, or management practices.

Skill-Based Pay

A compensation system where employees' wages are based on their skills, knowledge, and abilities rather than their job title or position.