Which Act Was Passed by Congress in 2002 and Signed

question 32

Multiple Choice

Which act was passed by Congress in 2002 and signed by the president for the protection of whistleblowers?

• A)Sarbanes-Oxley Act
• B)National Labor Relation Board
• C)Occupational Safety and Health Act
• D)Wage Act

---

Definitions:

Market Power

Ability of a seller or buyer to affect the price of a good.

Producer Surplus

The gap between the price sellers are willing to accept for their goods or services and what they end up receiving.

Consumer Surplus

The discrepancy between the amount consumers are prepared to pay for a product or service and the amount they end up paying.

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity demanded, typically downward sloping, indicating an inverse relationship.