During the Severe 2007-2009 Recession,Delta Airlines Sold ________ Passenger Tickets

question 226

Multiple Choice

During the severe 2007-2009 recession,Delta Airlines sold ________ passenger tickets and ________ the prices of the tickets it did sell.The result was a $1.2 billion loss in 2009.

• A)fewer;raise
• B)fewer;cut
• C)more;raise
• D)more;cut

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Definitions:

Double Coincidence of Wants

A condition in barter economies where two parties each possess an item the other wants, allowing them to trade directly.

Panicky Withdrawal

A sudden, widespread rush by investors or depositors to withdraw funds from a bank, financial institution, or investment, usually due to fears of insolvency.

Federal Reserve Notes

Paper currency issued by the United States Federal Reserve System, serving as the most common form of U.S. paper money.

Standard of Value

A recognized measure that is used to set the price of goods and services in terms of a currency, facilitating trade and economic comparison.