Economics Week 1 Review

What were the consequences of the crashes on Boeing's reputation and the aviation industry?

• public trust in Boeing declined tremendously

• public trust in Boeing increased tremendously

• public trust in Airbus declined tremendously

• public trust in Airbus increased tremendously

The APR is the same as _______________.

• interest

• credit limit

• discounts

• annual fee

An annual fee is ___________________________.

• how much you pay in interest

• the price you have to pay for a card every year

• the penalty you pay for being late

• always $50

What was the main cause of the two 737 crashes?

• The weight of the plane was too heave for lift off

• The airlines not training their pilots

• The MCAS system and untrained pilots due to mal practice by Boeing

• Bad weather

The credit limit is ________________________.

• the most you can spend on the card

• the least you can spend on the card

• always $1000

• how much you pay for a late fee

A late fee is _______________________.

• how much you pay every year for having the card

• the penalty you pay for making the payment after the deadline

• your credit limit

• always $50

The best way to spend on a credit card (if you can) is _________________________________________.

• to spend very little on it and always pay off in full

• max out your credit limit

• make the minimum payments

• be late on the payments

What company started competing and putting pressure on Boeing?

• Embraer

• Airbus

• Bombardier

• Textron Aviation

The worst way to work with a credit card is to ___________________________.

• use less than 50% of the credit limit

• pay more than the minimum payment (if you can)

• pay off the balance in full (if you can)

• max out the credit limit and pay only the minimum payment

What company did Boeing merge with putting an emphasis profits?

• Merk & Sons

• Southwest

• Jet Blue

• McDonnell Douglas