The federal government pays airlines to service small cities in the United States through a subsidy program called Essential Air Service which was established in 1978 when the airline industry was deregulated
Most subsidies can't exceed $200 per passenger. Without this subsidy, what is TRUE? A) There would be higher prices and fewer flights.
B) There would be lower prices and fewer flights.
C) There would be an increase in supply.
D) There would be a decrease in demand.
A
You might also like to view...
When there is a building that is used for production, but no one has clear property rights to it
A) this is known as "dead capital" and causes no production. B) this is known as "dead capital" and causes efficient production. C) resources are guided to their best use by "the invisible hand." D) this is known as "dead capital" and causes inefficient production.
About ________ of recent annual population growth in the United States is the result of immigration
A. one-tenth B. one-fifth C. one-third D. one-half