The Sherman Antitrust Act of 1890 prohibited
A. issurance of money by private banks.
B. all existing monopolies.
C. interstate commerce.
D. attempts to restrain trade.
Answer: D
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A marginal tax rate is
A) the fraction of each additional dollar of income that must be paid in taxes. B) the incremental income one must earn to offset each additional dollar of tax. C) the ratio of a change in income to a change in taxes paid. D) the fraction of income that must be paid in taxes.
Development plans have often failed because
(a) they have been insufficiently specific about projects. (b) they have overlooked noneconomic considerations. (c) they have been overambitious. (d) all of the above. (e) none of the above.
When gold prices become more volatile, the ________ curve for gold shifts to the ________; ________ the price of gold
A) supply; right; increasing B) supply; left; increasing C) demand; right; decreasing D) demand; left; decreasing
A firm that exists as a separate legal being is
a. a sole proprietorship b. a corporation c. a partnership d. likely to be a small, family-run business e. still dependent on its owners in many ways