Author Question: New airplanes, which normally consume less fuel per passenger-mile, become less efficient for ... (Read 54 times)

daltonest1984 · **on:** Jun 29, 2018

New airplanes, which normally consume less fuel per passenger-mile, become less efficient for commercial airlines to purchase and use as

A) average flight distances lengthen.
B) fewer non-stop flights are scheduled.
C) fuel prices fall.
D) the demand for airline travel increases.
E) the price of new airplanes falls.

Question 2

Which of the following is a prominent solution to adverse selection in used-car markets?

A) An imposition of a tax on the sale of each unit in the used-car market
B) The imposition of a price ceiling in the used-car market
C) The imposition of a price floor in the used-car market
D) Third-party certification of used cars