The "Voluntary Bumping Plan" Used by Airlines to Resolve the Problem

question 55

Multiple Choice

The "voluntary bumping plan" used by airlines to resolve the problem of overbooked flights was developed by economist

• A) Adam Smith.
• B) John Maynard Keynes.
• C) Alan Greenspan.
• D) Julian Simon.

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Definitions:

New World

A term historically used to refer to the Americas, indicating their discovery by European explorers during the Age of Exploration.

Disease

A disorder of structure or function in a human, animal, or plant, especially one that produces specific symptoms or that affects a specific location and is not simply a direct result of physical injury.

Discipline

Training to ensure proper behavior, often through regulations and orders, or the controlled behavior resulting from such training.