Which of the Following Declared Monopoly and Trade Restraints Illegal

question 113

Multiple Choice

Which of the following declared monopoly and trade restraints illegal?

• A) the Clayton Act
• B) the Federal Trade Commission Act
• C) the Sherman Act
• D) the Cellar-Kefauver Act

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Definitions:

World Output

The total economic production of goods and services by all countries in the world over a given period.

LDCs

Less Developed Countries, nations with low levels of industrialization, low income per capita, and generally poor standards of living.

NICs

Newly Industrialized Countries, which are in transition from developing to developed status due to rapid economic growth.

Per Capita

A statistical measure expressed as the total amount of something divided by the number of people in a particular group, often used to compare economic indicators across different regions or countries.