Which of the Following Is True

question 502

Multiple Choice

Which of the following is true?

• A) In 1916, the per person real government expenditures were approximately 60 times greater than in 1800.
• B) Prior to 1929, government expenditures at the state and local levels were substantially smaller than federal expenditures.
• C) Real federal spending per person was approximately 80 times greater in 2010 than in 1916.
• D) All of the above are true.

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Definitions:

Sherman Act

A foundational United States antitrust law enacted in 1890 to prohibit monopolies and practices that restrained trade and competition.

1890

A year significant in economic history, notably for the Sherman Antitrust Act's passage in the United States to combat anti-competitive practices.

Major Features

Principal characteristics or components that distinguish something from others.

Price Fixing

A practice where competitors agree on selling prices rather than letting competition in the market determine them, often illegal.