If the USCongress Passed Strict Anti-Cigarette Laws That Banned Their Sale Anywhere

question 29

Multiple Choice

If the U.S.Congress passed strict anti-cigarette laws that banned their sale anywhere in the country,it would create serious problems for cigarette manufacturers,retailers,tobacco growers,tobacco farm workers,truckers,and many other employees in the cigarette industry.Each of these groups would probably oppose this legislation because they are examples of

• A)culture lag.
• B)nonmaterial culture.
• C)luddite.
• D)vested interests.

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Definitions:

Common Stock

Equity ownership in a corporation, with voting rights and a share in dividends.

Corporate Bond

A debt security issued by a corporation and sold to investors to raise financing for capital-intensive projects or operational costs.

Primary Market

The financial market where new securities are issued and sold for the first time, typically directly by the issuer to investors.

Secondary Market

A financial market where previously issued financial instruments such as stock, bonds, options, and futures are bought and sold.