Airports Can Generate a Negative Externality with the Noise the Landing

question 155

Multiple Choice

Airports can generate a negative externality with the noise the landing aircraft makes on neighbourhoods.Policies to reduce this noise problem include:

• A)charging passengers an airport departure tax
• B)charging excise taxes on airline fuel
• C)encouraging people to drive rather than fly
• D)requiring aircraft to use 'whisper' technology to quieten their engines

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Definitions:

Business Cycle

The fluctuation in economic activity that an economy experiences over a period of time, marked by phases of expansion and contraction.

Mercantilism

An economic theory and practice where government regulation of a nation's economy is used to increase state power at the expense of rival national powers.

Laissez-faire

Laissez-faire is an economic philosophy advocating minimal governmental intervention in the marketplace and the economic activities of individuals and businesses.

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Metals of high economic value, often used as an investment or industrial commodity, including gold, silver, platinum, and palladium.