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True or false? It was clear to policymakers in the 1970s that government regulation in the...

True or false? It was clear to policymakers in the 1970s that government regulation in the airline industry was not working well.

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Answer #1

Answer : True

Explanation :

In the 1970's, the United States removed government controls over prices and quantities produced in airlines, railroads, trucking, intercity bus travel, natural gas, and bank interest rates.

Beginning in the 1970s, it became clear to policymakers of all political leanings that the existing price regulation was not working well. The United States carried out a great policy experiment involving deregulation, which consisted of the removal of government controls over prices and quantities produced in airlines, railroads, trucking, intercity bus travel, natural gas, and bank interest rates.

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