The Celler-Kefauver Act of 1950

question 39

Multiple Choice

The Celler-Kefauver Act of 1950

• A) declared every contract or conspiracy to restrain trade illegal.
• B) outlawed specific monopolistic behaviors such as tying contracts, price discrimination, and unlimited mergers.
• C) extended the language of the Federal Trade Commission Act to include "deceptive" as well as "unfair" competition methods.
• D) extended the government's authority to ban vertical and conglomerate mergers.

Understand the mechanisms species use to coexist and reduce competition, such as resource partitioning.

Analyze the resilience and diversity of different ecosystems, including grasslands and forests.

Recognize the importance of mutualistic relationships in ecosystems and their role in species adaptation.

Understand the consequences of introducing non-native species to ecosystems.

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Definitions:

Price Elasticity of Demand

A determination of demand's sensitivity to pricing shifts of a product.

Agricultural Risk Coverage Program

A U.S. government program that provides financial assistance to agricultural producers when crop revenues or yields fall below guarantee levels.

Agricultural Act

Legislation passed to regulate agricultural markets, support farm incomes, and provide price supports for farmers.

Food, Conservation, and Energy Act

A piece of U.S. legislation, often referred to as the 2008 Farm Bill, which governs agricultural and food policy, including conservation, energy, and support for farmers.