Which of the Following Statements Provides the Most Accurate Description

question 38

Multiple Choice

Which of the following statements provides the most accurate description of the employment growth rate in various sectors of the economy between 1860-1910?

• A) All major sectors grew with the exception of agriculture and construction.
• B) All major sectors grew, and agriculture grew the most.
• C) The manufacturing sector grew the most, followed by railroads, but agricultural employment decreased.
• D) All major sectors grew, and railroads grew the most.

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Definitions:

Criminal Offenses

Acts or omissions punishable by law as defined by statute or common law.

Clayton Act

A U.S. antitrust law enacted in 1914 aimed at promoting competition and preventing monopolies by prohibiting certain anti-competitive practices.

Celler-Kefauver Act

is a United States antitrust law passed in 1950 that prevents companies from acquiring assets of competitors if the effect would be to substantially lessen competition or create a monopoly.

Mergers

The combination of two or more companies into a single entity, with the goal of enhancing competitiveness or expanding market share.