The Elimination of Commissions to Travel Agents and the Introduction

question 10

Multiple Choice

The elimination of commissions to travel agents and the introduction of service fees for customers came as a result of _________________.

• A) deregulation
• B) recession economics
• C) the internet
• D) capitalism

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Definitions:

Overuse

The excessive use of a resource, leading to its depletion or degradation.

Drop-in-the-bucket Problem

A metaphorical expression indicating a situation where the effort or resources are too insignificant to make a noticeable difference in a larger context.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be consumed by everyone and one person's use doesn't reduce availability to others.

Common Resource

A resource like air or water that offers users tangible benefits but is difficult to exclude non-payers from using, often leading to overuse.