Suppose That Government Used to Requires Airline Companies to Have

question 100

Multiple Choice

Suppose that government used to requires airline companies to have at least 30 airplanes and serve at least 20 different airports.Now,this requirement changed to a minimum of 10 airplanes and 4 different airports.Such change in regulation will lead to

• A) lower profits due to increased competition.
• B) higher profits due to decreased competition.
• C) higher profits due to weaker labor unions.
• D) lower profits due to larger regulatory burden.

---

Definitions:

Direct Export

The sale of goods and services from the manufacturer or producer directly to a buyer in another country.

International Legal Environment

The complex framework of laws, regulations, and treaties that govern international business transactions and relations.

Precautions

Measures taken in advance to prevent potential dangers or problems.

Economic Espionage Act

A U.S. law that makes the theft or misappropriation of a trade secret a federal crime when intended to benefit a foreign government, foreign instrumentality, or foreign agent.