Which Is the Best Reason for the Increase in Airline

question 2

Multiple Choice

Which is the best reason for the increase in airline intramodal competition since deregulation in 1978?

• A) substitution of smaller aircraft for larger aircraft
• B) U.S. carriers forming alliances with foreign airlines such as United with Air Canada
• C) increased use of discount fares in lieu of full fares
• D) new air carriers entering given markets

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Definitions:

John Maynard Keynes

A British economist whose theories, known as Keynesian economics, had a major impact on modern economic and political theory as well as on fiscal policies of governments.

Supply Of Money

The total amount of money in circulation or in existence in a country.

Checking Deposits

Deposits in a bank account that can be withdrawn at any time without prior notice, typically used for day-to-day expenses.

Reserve Ratio

The percentage of deposits that banking authorities mandate a bank to keep as reserves, prohibiting them from being loaned out.