Which of the Following Is NOT a Successful Economic Development

question 35

Multiple Choice

Which of the following is NOT a successful economic development ratings that goes beyond production and consumption indices and include additional measures?

• A) protection of our biosphere
• B) sustainable use of global resources
• C) production-based productivity indexes
• D) energy conservation
• E) environmental restoration

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Definitions:

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.

U.S. Steel Case

The antitrust action brought by the federal government against the U.S. Steel Corporation in which the courts ruled (in 1920) that only unreasonable restraints of trade were illegal and that size and the possession of monopoly power were not by themselves violations of the antitrust laws.