The USCongress Has Given Two Government Entities the Authority to Police

question 165

Multiple Choice

The U.S.Congress has given two government entities the authority to police mergers.These two entities are

• A)the antitrust division of the Department of State and the Securities and Exchange Commission.
• B)the Federal Trade Commission and the Internal Revenue Service.
• C)the Antitrust Division of the U.S. Department of Justice and the Council of Economic Advisors.
• D)the Federal Trade Commission and the Antitrust Division of the U.S. Department of Justice.

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Definitions:

Comparative Advantage

The capacity of a person, business, or nation to create a product or offer a service at a reduced opportunity cost compared to their rivals, thereby gaining specialized production and advantages in trade.

Production Possibilities

The different quantities of goods that an economy can produce with a certain set of resources and technology.

Natural-Resource Abundant

Refers to countries or regions possessing significant amounts of valuable natural resources, such as minerals, oil, or fertile land, which can contribute to their economic growth and development.

Land-Intensive

Describes production processes or industries that require a large amount of land to produce goods or services, compared to labor or capital.