23. Consumers make up the ________ economic group. a- largest b- most voacl c- l

Question

23. Consumers make up the ________ economic group.

a- largest b- most voacl c- least powerful d- smallest

24.Jeff and Sarah are buying a house. Which legislation will give them certain protections?

a- the clayton act b- fair debt collection practices act c- the sherman act d- fair credit collection act

25.Protecting the process of competition for the benefit of consumers is the basic objective of ________.

a- consumer protection laws b- the sheman act

c- the clayton act d- antitrust laws

26.If Nick and Raphael form a partnership that restrains trade, but not unreasonably so, would this be legal under the Sherman Act?

a- yes the partnetship is legal b- no itsilleagal c- maybe d- the sherman act doesnt deal with unreasonable trade

Explanation / Answer

Answer 23: consumers make up the least powerful economic group because economic group consists of organizations like US chamber of commerce, National association of manufacturers etc. economic groups seek to take economic advantage of their members.

Answer 24: (a) The clayton antitrust act, 1914, provides the couple protection against price discrimination and unfair business practices.

Answer 25: (d) Antitrust laws protects consumers from anticompetitive acquisitions and mergers, thus promoting the healthy competition in market place.

Answer 26: (b) no its illegal- Sherman act prevent organizations from creating any restraint on trade and competition.

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