The Sherman Act

question 26

Multiple Choice

The Sherman Act

• A) enhanced firms' ability to enforce cartel agreements.
• B) made it illegal to engage in practices that result in a restraint of trade.
• C) was passed to encourage judicial leniency in the review of cooperative agreements.
• D) was passed to clarify the Clayton Act.

Recognize the impact of government policies and regulations on the economy.

Understand the role and influence of economists and economic advisory bodies in government policy.

Identify the types of graphs used in economics and understand their applications.

Acknowledge the reasons for disagreement among economists and the diversity of economic thought.

---

Definitions:

Socialization

The way in which persons acquire and conform to the standards, ideals, and conduct expected within their social environment or group.

Cognitively Impaired

Referring to individuals who have difficulty with mental processes such as thinking, learning, and memory.

Socialization

The method through which people absorb and assimilate the customs, principles, and actions deemed suitable for their community or social circle.