​The US Government Has Implemented a Number of Laws Over the the Years

question 29

Multiple Choice

​The U.S. government has implemented a number of laws over the years to ensure the U.S. economy remains fair, competitive and free of monopolies.One such law has the following characteristics:
$\bullet$ It is also a criminal law, and individuals and businesses that violate it may be prosecuted by the Department of Justice.
$\bullet$ It imposes criminal penalties of up to $100 million for a corporation and $1 million for an individual.
$\bullet$ It doesn't clearly prohibit mergers or interlocking directorates.
$\bullet$ It outlaws "every contract, combination, or conspiracy in restraint of trade."
Which of the following laws is described by the characteristics described above?

• A)The Hart-Scott-Rodino Act
• B)The Clayton Act
• C)The Sherman Act
• D)The Robinson-Patman Act
• E)The Federal Trade Commission (FTC) Act

Analyze the factors contributing to business cycles and their impact on unemployment.

Understand the Consumer Price Index and its role in measuring inflation.

Grasp the concept of discouraged workers and their effect on unemployment statistics.

Understand the relationship between inflation rates and the impact on lenders and borrowers.

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Definitions:

Independent Contracts

Agreements between individuals or organizations where one party offers services to another as a non-employee.

Exculpatory Agreement

A contract provision that relieves one party of liability if damages are caused during the execution of the contract.

In Pari Delicto

A legal doctrine stating that if both parties involved in a lawsuit are equally at fault, the court will not assist either party.

In Pari Delicto

A legal doctrine that prevents a plaintiff who has participated in wrongdoing related to the lawsuit from recovering damages.