As a Result of Numerous High-Profile Incidents,at the End of 2009

question 15

Multiple Choice

As a result of numerous high-profile incidents,at the end of 2009 the Department of Transportation issued regulations that

• A)resulted in cost spikes for airline passengers and was repealed within a year.
• B)led to increased flight delays and missed connections throughout 2010.
• C)had the unintended consequence of increasing the average tarmac wait.
• D)led to a wave of airline mergers in the following six months.
• E)had the effect of reducing extended tarmac delays to nearly zero.

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Definitions:

External Costs

Costs incurred as a result of an economic activity that affects third parties who did not choose to incur that cost.

Free Enterprise

An economic system where private businesses operate in competition, largely free of state control, with the prices of goods and services determined by the open market.

Capital

Financial assets or the financial value of assets, such as buildings, machinery, and equipment, used to produce goods and services.

Brazilian Factory Worker

An individual employed in the manufacturing sector in Brazil, often dealing with the challenges of labor conditions and economic factors.