The Total Volume of World Trade Today Is About $15

question 177

True/False

The total volume of world trade today is about $15 trillion each year.

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Definitions:

Judicial Branch

The branch of government responsible for interpreting the law and administering justice through courts and other judicial institutions.

Administrative Branch

That part of government responsible for the execution and enforcement of laws and policies, traditionally comprising departments and agencies.

Sherman Antitrust Act

A landmark federal statute passed by Congress in 1890 to curb concentrations of power that interfere with trade and reduce economic competition.

Federal Trade Act

The Federal Trade Commission Act is a piece of legislation designed to prevent unfair competition, monopolies, and to protect consumers from deceptive practices in the marketplace.