The main goal of the Fair Trade Commissions Act was to
A. limit mergers and price-fixing contracts.
B. make deceptive practices illegal.
C. limit competition among small firms.
D. make restraint of trade illegal.
Answer: B
You might also like to view...
Explain the relationship between the incidence of a tax and elasticity
What will be an ideal response?
The U.S. distribution system is
A. identical to that of the former Soviet Union. B. based on a pure socialist economy. C. determined by a modified version of one dollar, one vote. D. similar to the fascist 1930's Germany.
As foreign imports become a greater percentage of sales in oligopolized industries, the concentration ratio
A. becomes more accurate as a measure of concentration. B. becomes less accurate as a measure of concentration. C. continues at the same level of accuracy.
Suppose that an economy can produce various combinations of fish and bread. If more people with strong fishing skills became employed in this economy, how would the production possibilities curve (PPC) change?
a. The PPC would shift outward on the fish axis, but would not change on the bread axis. b. The PPC would shift outward equally along both the fish and the bread axes. c. The PPC would shift inward on the bread axis, but would not change on the fish axis. d. The PPC would shift inward equally along both the fish and the bread axes.