The first antitrust law that the U.S. Congress enacted was
A) the Clayton Antitrust Act.
B) the Sherman Antitrust Act.
C) the Robinson-Patman Act.
D) the Federal Trade Commission Act.
Answer: B
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Explain the concept of "learning by doing" with respect to infant industry protection
What will be an ideal response?
What is the best way to describe aggregate demand?
A) quantity required to satisfy equilibrium B) exports decrease; imports increase C) amount of a country's goods and services demanded by household and firms throughout the world D) individual's demand E) domestic demand of foreign imports.
Which of the following would be part of the nation's current account?
A) An old house purchased by an American in Italy B) The purchase of a U.S. Treasury bond by a foreigner C) The interest an American earns on a British bond D) A factory built by the Japanese in the United States
A perfectly competitive firm is a price taker. Therefore, it faces a
a. perfectly elastic supply curve for its output b. perfectly elastic demand curve for its output c. perfectly inelastic supply curve for its output d. perfectly inelastic demand curve for its output e. unit-elastic demand curve for its output