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Chapter 2.2 Business Marketing and Finance questions with accurate answers

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Anti-Trust Laws Ans promote fair trade and competition among businesses Civil laws Ans defines conduct between individuals in situations such as contracts and property Clayton Anti-trust Act Ans act that prevents the formation of monopolies that will reduce competition collusion Ans occurs when two or more businesses work together to remove their competition, set prices, and control distribution

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Chapter 2.2 Business Marketing and Finance
questions with accurate answers
Anti-Trust Laws Ans✓✓✓ promote fair trade and competition among
businesses


Civil laws Ans✓✓✓ defines conduct between individuals in situations
such as contracts and property


Clayton Anti-trust Act Ans✓✓✓ act that prevents the formation of
monopolies that will reduce competition


collusion Ans✓✓✓ occurs when two or more businesses work together
to remove their competition, set prices, and control distribution


commerce Ans✓✓✓ activities involved in the buying and selling goods
on a large scale


criminal laws Ans✓✓✓ defines conduct that threatens public safety and
outlines punishments


Externalities Ans✓✓✓ activities that affect people but are not directly
connected to the economic activity


Federal Reserve System Ans✓✓✓ central bank of the united states

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