A foreign government subsidizes its national airline to keep airfares down. Which one is the opportunity cost?

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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

Related Book For answer-question

Principles of Macroeconomics

ISBN: 978-0134078809

12th edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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Posted Date: Jan 31, 2024 01:43 AM

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A foreign government subsidizes its national airline to keep airfares down. Which one is the opportunity cost?

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The detailed answer for the above question is provided below The correct answer is c The lower cost ... View the full answer

Principles of Macroeconomics

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