One Result of Deregulation in the Airline Industry Has Been

question 19

Multiple Choice

One result of deregulation in the airline industry has been

• A) less-intense competition.
• B) increased aviation-related fatalities.
• C) higher prices for consumers.
• D) lower prices for consumers.

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Definitions:

RRSP

Registered Retirement Savings Plan, a Canadian financial account designed for retirement savings, offering tax benefits.

Compounded Nominal Rate

A nominal rate that is compounded refers to the stated interest rate of an investment or loan, not taking into account the effects of compounding over specific periods.

Effective Rate

The effective rate is the interest rate on a loan or investment, adjusted for the actual number of compounding periods per year, giving a true annual rate.

Compounded Nominal Rate

The rate at which interest is calculated on the initial principal and previously accumulated interest over a specific time period without considering the inflation.