Which Freedom of the Air Would Allow My Company to Pick

question 26

Multiple Choice

Which Freedom of the Air would allow my company to pick up passengers in Chicago and fly them to London, England? (Assume I own a Canadian airline)

• A) First Freedom
• B) Third Freedom
• C) Fifth Freedom
• D) Seventh Freedom
• E) Ninth Freedom

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Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at various price levels at a given period.

Labor

The effort by humans to produce goods or services in the economy.

Resource Demand Curve

A graphical representation showing the relationship between the price of a resource and the quantity of that resource demanded by firms.

Shift Factors

Variables or conditions that can cause a shift in demand or supply curves, thus changing market equilibrium.