The Sherman Act of 1890 was passed to prohibit
A) combinations, trusts, or conspiracies to restrict interstate or international trade.
B) monopolization or attempts to monopolize interstate or international trade.
C) both of the above.
D) neither of the above.
C
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A bakery that produces 100 loaves of bread has a variable cost of $50 and a fixed cost of $200. Calculate the total cost, average total cost, average variable cost, and average fixed cost of the bakery
What will be an ideal response?
Supply-side policy suggests that if we _______ taxes of workers, the _________ labor will increase, causing equilibrium wages to ________
a. raise, supply of, decrease b. cut, supply of, increase c. raise, demand for, increase d. cut, supply of, decrease
If a country's trade deficit increases, then:
A. it must be buying more assets from foreigners. B. its consumption must be falling relative to its production. C. it must be selling fewer assets to foreigners. D. its consumption must be rising relative to its production.
An increase in European wealth, all other factors held constant should:
A. cause the demand for dollars to increase. B. have no impact at all on the demand for dollars. C. cause the supply of dollars to increase while the demand stays constant. D. cause the demand for dollars to decrease.