Question10 11pts whatisthelargestoftheever

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Question 101 / 1 ptsWhat is the largest of the ever-present threats to profitability?Correct!fuel costscompetitionovercapacity
terrorismQuestion 11 / 1 ptsWhich of the following states that quantity demanded has a negative or inverse relationship with price?
Question 21 / 1 ptsWhat is the ability and willingness to buy specific quantities of a good or a service at alternative prices in a given time period under ceteris paribus conditions?
SupplyQuestion 31 / 1 ptsMicroeconomics is the study of how individual households and businesses make decisions to distribute limited resources to maximize profit.
Question 41 / 1 ptsExternalities and lack of competition are examples of what type of failures?Correct!Market failureGovernment failureRegulatory failureCompetition failure
Question 51 / 1 ptsSince the FAA was formed in 1958, accident rates have dropped almost
Question 61 / 1 ptsWhich of the following are determinants of demand?
State of economyCorrect!Frequency of serviceQuestion 71 / 1 ptsWhich of the following are true of the Law of Demand?
Question 81 / 1 ptsWhich characteristic of demand for air transport refers to a long-term trend of peaks andtroughs of economic activity?Constant fluctuation
Correct!CyclicalityDirectional flowPerishabilitySeasonality and peaking

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pts, formal methods, Superiority complex, Reading Review 1 4

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