Because of Political Changes in the Late Twentieth Century, Which

question 46

Multiple Choice

Because of political changes in the late twentieth century, which of the following countries has had to build from scratch an entire commercial legal system?

• A) France
• B) Germany
• C) Taiwan
• D) Russia
• E) Saudi Arabia

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Definitions:

Chicago School Theorists

Chicago School Theorists are economists and legal scholars associated with the University of Chicago, known for their advocacy of free-market principles and minimal government intervention.

Antitrust Policy

comprises laws and regulations designed to promote competition and prevent monopolies, ensuring fair business practices.

Sherman Act

A foundational antitrust law in the United States, passed in 1890, to prevent anti-competitive practices, monopolies, and to encourage competition.

Restraint On Trade

Legal concept that refers to practices that limit free trading and competition between businesses.