The Federal Aviation Administration Requires Large Commercial Jets to Install

question 18

Multiple Choice

The Federal Aviation Administration requires large commercial jets to install greater amounts of safety equipment than small,private planes.This policy

• A)violates the notion of efficiency because the marginal costs of safety on small planes are smaller.
• B)violates the notion of efficiency because the benefit of one less fatality is the same whether a jet or a small plane is involved.
• C)affirms the notion of efficiency because one fewer commercial jet accident will save more lives than one fewer private plane accident.
• D)affirms the notion of efficiency because airlines can spread the costs out over many tickets.

---

Definitions:

Revenue

The total amount of money received by a company for goods sold or services provided during a specific period.

On-call Advice

A service providing immediate assistance or information, often in financial or technical areas, as needed.

Upfront Advice

Preliminary guidance or recommendations provided before entering into a transaction or making a decision, often involving financial or legal matters.

Database Access

The ability or permission to retrieve and manipulate data from a database system.