The Sherman Act of 1890

question 31

Multiple Choice

The Sherman Act of 1890

• A)exempted labor unions from antitrust prosecution.
• B)included stringent enforcement provisions.
• C)outlawed unfair business practices to exclude rivals from selling in markets.
• D)outlawed all monopolies.
• E)declared that no firm could have more than 50% of the share of any market.

Understand the concept of variance and standard deviation as measures of risk.

Distinguish between different types of risks and their measurement.

Apply probability concepts to real-world economic scenarios.

Understand the implications of risk aversion on investment decision-making.

---

Definitions:

Correlation Coefficient

A numerical index that determines both the magnitude and orientation of a linear correlation between two variables, which can vary between -1 and 1.

Variables

Elements, features, or factors that are likely to vary or change among subjects in a study or a population.

Spearman Rank

An assessment of rank correlation using a non-parametric approach that evaluates the extent to which a monotonic function can accurately describe the relationship between two variables.

Correlation Coefficient

A statistical measure that calculates the strength and direction of a linear relationship between two variables, ranging from -1 to 1.