Which of the Following Is False Regarding Groups and Activities

question 6

Multiple Choice

Which of the following is false regarding groups and activities that are exempt from antitrust law?

• A) Individuals in the fishing industry can cooperate for purposes of catching and preparing fish for market.
• B) Labor unions can organize and bargain.
• C) When insurance businesses are subject to state antitrust regulation, they are exempt from federal antitrust law.
• D) States can set their own quotas regarding the amount of oil to be sold in interstate commerce.
• E) Regulatory bodies of the airline and banking industry have authority to approve behaviors that would otherwise violate antitrust law, but the same is not true for the utility industry.

---

Definitions:

Social Institutions

Established sets of norms and structures that guide society, including family, religion, education, and the economy.

Authoritarian

A governing system in which a single leader or party holds significant control over most aspects of public and private life.

Totalitarian

Relating to a system of government that is centralized and dictatorial and requires complete subservience to the state.

Constitutional

Relating to the established laws and principles of a governmental constitution that define the nature and structure of political and civil institutions and govern the legality of governmental actions.