Question
A foreign government subsidizes its national airline to keep airfares down. Which one is the opportunity cost? a. The improved maintenance of the airline's fleet
A foreign government subsidizes its national airline to keep airfares down. Which one is the opportunity cost?
a. The improved maintenance of the airline's fleet
b. The better food served on board due to the government subsidy
c. The lower cost of the tickets for the passengers
d. All of the above
e. None of the above
Step by Step Solution
3.54 Rating (144 Votes )
There are 3 Steps involved in it
Step: 1
The detailed answer for the above question is provided below The correct answer is c The lower cost ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Principles of Macroeconomics
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
12th edition
134078802, 978-0134078809
Students also viewed these Economics questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App