Examlex
For each of the following, identify in Column 1 the category to which the account belongs, in Column 2 the normal balance for the account, in Column 3 the financial statement in which the account balance is reported, and in Column 4 the account's nature (permanent/temporary).
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Parity Ratio
A ratio that compares the value of one set of goods or services to another, often used in agricultural economics to compare farm prices to other prices in the economy.
Clayton Act
The federal antitrust law of 1914 that strengthened the Sherman Act by making it illegal for firms to engage in certain specified practices including tying contracts, interlocking directorates, and certain forms of price discrimination.
Wagner Act
Officially known as the National Labor Relations Act of 1935, it is a foundational statute of United States labor law which guarantees basic rights of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action including strikes.
FTC Act
A federal law established to prevent unfair methods of competition, and unfair or deceptive acts affecting commerce.
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