To Justify the Subsidies It Has Received from European Governments,The

question 16

Multiple Choice

To justify the subsidies it has received from European governments,The Airbus Company has used all of the following arguments except:

• A) Its subsidies have prevented U.S.aircraft firms from holding a world-wide monopoly
• B) U.S.aircraft firms have benefited from military-sponsored programs of the U.S.government
• C) Airbus' subsidies were totally repaid as the firm realized profits on its aircraft sales
• D) Without subsidies to Airbus,Europe would be dependent on the United States as a supplier of aircraft

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Definitions:

Enforcement Mechanism

Procedures or methods used to enforce compliance with laws, regulations, or agreements.

Collective Bargaining

The process by which employers and unions negotiate terms of employment, including wages, hours, and working conditions.

Government Regulations

Rules and directives created by government agencies to control or guide specific industries or activities.

Reciprocal Trading

A trading system where countries mutually agree to provide comparable benefits and privileges to each other, often involving tariff reductions or eliminations.