Choose the one word or phrase that best completes the sentence and fill in the appropriate answer above.
1-
According to Cornell University Law School, trusts and monopolies are ......... of wealth in the hands of a few.
A -
amassings
B -
concatenations
C -
concentrations
D -
masses
2-
Such conglomerations of economic resources are thought to be injurious to the public and individuals because such trusts minimize, if not ......... normal marketplace competition, and yield undesirable price controls.
A -
marginalize
B -
maximize
C -
obfuscate
D -
obliterate
3-
These, in turn, cause markets to stagnate and ......... individual initiative.
A -
drip
B -
sap
C -
skip
D -
tap
4-
To prevent trusts from creating ......... on trade or commerce and reducing competition, Congress passed the Sherman Act in 1890.
A -
autions
B -
curtailment
C -
refrains
D -
restraints
5-
The Sherman Act is the main source of ......... law.
A -
antitrust
B -
commercial
C -
monopolistic
D -
oligarchic
6-
The Sherman Act is a Federal ......... and as such has a scope limited by Constitutional constraints on the Federal government.
A -
bylaw
B -
edict
C -
regulation
D -
statute
7-
The commerce clause, however, allows ......... a very wide interpretation and application of this act.
A -
about
B -
for
C -
on
D -
with
8-
The Sherman Act applies to all transactions and business involved in ......... commerce.
A -
international
B -
internecine
C -
interstate
D -
intestate
9-
Most if not all states have comparable laws prohibiting monopolistic conduct, price fixing agreements, and other acts that constrain trade having strictly local ..........
A -
compact
B -
contract
C -
impact
D -
influence
10-
The Massachusetts Act reads: it shall be unlawful for any person ......... in commerce, to make a sale of goods on the condition that the purchaser thereof shall not deal in the goods of a competitor of the seller, where the effect of such sale or such condition may be to lessen substantially competition or tend to create a monopoly in any line of trade.