Airline Deregulation Resulted In

question 123

Multiple Choice

Airline deregulation resulted in:

• A) changes in safety regulations.
• B) an increase in airfares.
• C) mergers and consolidations.
• D) a reduction in air travel.

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Definitions:

Labor Market

A marketplace where employers find workers and workers find jobs; the interaction determines wages, employment levels, and working conditions.

Inductive Reasoning

A method of reasoning in which specific observations or measurements are used to make general conclusions.

Normative Economics

A branch of economics that expresses value judgments about economic fairness or what the outcome of the economy or goals of public policy should be.

Economic Reasoning

The process of making decisions based on costs, benefits, and incentives in an effort to maximize benefits while minimizing costs.