Which of the following is not one of the laws that provides the foundation for antitrust policy in the U.S.?
A. The Sherman Act
B. The Cargill Act
C. The Clayton Act
D. The Federal Trade Commission Act
B. The Cargill Act
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To maintain profit, entrepreneurs must:
A. maintain only one product. B. continually improve their products. C. eliminate all competition. D. keep raising prices.
The data in the table above shows the consumption by families in a small (poor) economy. The families consume only salt and bread. The reference base period is 2011. The inflation rate between 2011 and 2012 is
A) 52.5 percent. B) 123.1 percent. C) 23.1 percent. D) 18.8 percent. E) 118.8 percent.
Banks use "credit-risk analysis" to
A) determine the appropriate interest rate to charge borrowers. B) determine whether to invest in the stock of a corporation. C) determine the appropriate interest rate to pay depositors. D) determine the likelihood of an audit by bank regulators.
Forecasts are
A) generally incorrect. B) predictions about the future. C) explanations of past occurrences. D) limited to short time periods.