Boeing Aircraft Company Was Able to Cover Its Production Costs

question 139

Multiple Choice

Boeing aircraft company was able to cover its production costs of the first "jumbo jet" in the 1970s because Boeing could market it to several foreign airlines in addition to domestic airlines.This illustrates:

• A) How economies of scale make possible a larger variety of products in international trade
• B) A transfer of wealth from domestic consumers to domestic producers as the result of trade
• C) How a natural monopoly is forced to behave more competitively with international trade
• D) How a natural monopoly is forced to behave less competitively with international trade

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Definitions:

Constitution

A fundamental set of principles and precedents upon which a state or other organization is governed, often codified as a written document.

Commonly Agreed-upon

A term describing something that has been collectively accepted or approved by a majority.

Letters from an American Farmer

A series of essays written by J. Hector St. John de Crévecoeur in the late 18th century, depicting life in the American colonies and the emerging American identity.