WGU D080 - module 5
WGU D080 - module 5
Study online at https://quizlet.com/_gswreg
1. monopoly only one producer of a good; firm is price maker, consumers are
price takers.
2. perfect competition lots of buyers and sellers, no barrier to entry, perfect info. Firms
and consumers are price takers.
3. Antitrust laws laws aimed at eliminating collusion such as price fixing, restraints,
and monopolization
4. Sherman Antitrust Act first American antitrust policy; limiting power of price controlling
cartels and monopolization
5. Clayton Antitrust Act defines unethical business practices, such as price-fixing and mo-
nopoly. Upholds various rights of labor.
6. Federal Trade Commission protects consumers from deceptive market practices and protects
Act businesses from unfair acts
7. United nations environ- Acts to facilitate and promote the wise use and sustainable devel-
ment programme opment of the global environment.
8. Kyoto Protocol goal of reducing greenhouse gas emissions by 5.2%. US didn't
ratify.
9. Paris agreement first legally binding, global climate deal. Aims to keep global tem-
perature increases below 2C.
10. National Environmental Environmental Impact Statements must be done before any project
Policy Act (NEPA) affecting federal lands can be started
man and nature can exist in harmony
11. Environmental Protection monitors environmental practices of industries.
Agency (EPA)
1/2
WGU D080 - module 5
Study online at https://quizlet.com/_gswreg
1. monopoly only one producer of a good; firm is price maker, consumers are
price takers.
2. perfect competition lots of buyers and sellers, no barrier to entry, perfect info. Firms
and consumers are price takers.
3. Antitrust laws laws aimed at eliminating collusion such as price fixing, restraints,
and monopolization
4. Sherman Antitrust Act first American antitrust policy; limiting power of price controlling
cartels and monopolization
5. Clayton Antitrust Act defines unethical business practices, such as price-fixing and mo-
nopoly. Upholds various rights of labor.
6. Federal Trade Commission protects consumers from deceptive market practices and protects
Act businesses from unfair acts
7. United nations environ- Acts to facilitate and promote the wise use and sustainable devel-
ment programme opment of the global environment.
8. Kyoto Protocol goal of reducing greenhouse gas emissions by 5.2%. US didn't
ratify.
9. Paris agreement first legally binding, global climate deal. Aims to keep global tem-
perature increases below 2C.
10. National Environmental Environmental Impact Statements must be done before any project
Policy Act (NEPA) affecting federal lands can be started
man and nature can exist in harmony
11. Environmental Protection monitors environmental practices of industries.
Agency (EPA)
1/2
