Which of the Following Is a Likely Result of the Deregulation

question 62

Multiple Choice

Which of the following is a likely result of the deregulation of the airline industry that might benefit consumers?

• A)a wage increase for union pilots
• B)a possible decline in airline safety
• C)one firm emerging as an unregulated monopoly
• D)loss of service on unprofitable routes
• E)an increase in the number of airline companies

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Definitions:

Transnational Corporations

Large companies that operate and have assets in more than one country, making them influential global economic entities.

World Democracy

The concept of promoting democratic governance and principles at a global level, aiming for political freedom and equality across nations.

Promotion

The act of raising someone to a higher rank or position, often accompanied by an increase in pay, or an effort to make something more popular or widely known.

Oppose Globalization

To oppose globalization means to resist the process by which businesses or other organizations develop international influence or start operating on an international scale, often due to concerns such as cultural erosion, environmental damage, or economic inequality.