Boeing's New 787 Dreamliner

question 106

Multiple Choice

Boeing's new 787 Dreamliner:

• A) is assembled in Washington, D.C.
• B) uses engines from Japan.
• C) has its fuselage sections built in Australia.
• D) has increased efficiency from new engine technology.
• E) results from a partnership of about a dozen companies.

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Definitions:

External Costs

Costs of an economic activity that are not borne by the participants in the activity but are imposed on others, such as pollution.

Competitive Free Market

A market structure where many firms offer products or services that are similar, allowing for free entry and exit, with prices determined by supply and demand forces.

Marginal External Cost

The cost imposed on a third party not involved in a transaction or activity due to an additional unit of production.

Methane Gas

A potent greenhouse gas with a simple chemical formula CH4, commonly produced by the decomposition of organic materials and digestive processes of animals.