The Kind of Rule in Which the Power of Government

question 111

Multiple Choice

The kind of rule in which the power of government has only minimal legal limits but is effectively restrained by other social, religious, or economic institutions is called

• A)autocratic.
• B)totalitarian.
• C)constitutional.
• D)authoritarian.

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Definitions:

Clayton Act

A U.S. antitrust law enacted in 1914, aimed at preventing anticompetitive practices in their incipiency, including price discrimination, exclusive dealing agreements, and mergers.

Celler-Kefauver Act

A U.S. law passed in 1950 aimed at preventing anti-competitive mergers and acquisitions that might reduce competition.

Mergers

The combination of two or more companies into a single entity, typically to increase market share or reduce competition.

Standard Oil Case

A 1911 antitrust case in which Standard Oil was found guilty of violating the Sherman Act by illegally monopolizing the petroleum industry. As a remedy, the company was divided into several competing firms.