Monopolies Guides d'étude, Notes de cours & Résumés

WGU C211 Global Economics Final Exam Questions and Answers 100% Correct ability-to-pay principle the idea that taxes should be levied on a person according to how well that person can shoulder the burden absolute advantage The economic advantage one nation enjoys that is absolutely superior to other nations. absorptive capacity The ability to recognize the value of new information, assimilate it, and apply it. accommodative strategy A strategy characterized by some support from top managers, ...

Federal Trade Commission Act CORRECT ANSWER 1914 - , established the FTC that would investigate and prevent unfair business practices - encourage competition Sherman Antitrust Act CORRECT ANSWER 1890, A law that made it illegal to create monopolies or trusts that restrained free trade Clayton Antitrust Act CORRECT ANSWER This act was enacted in 1914, and it reinforces and broadens the provisions of the Sherman Act. Among its prohibitions are certain exclusive contracts, predatory price cut...

5 Characteristics of a Monopoly CORRECT ANSWER 1) Single Seller 2) Unique good with no close substitute 3) "Price Maker" 4) High Barriers to Entry 5) Some "Nonprice" Competition Single Seller (1) CORRECT ANSWER -one firm controls the vast majority of a market -firm=industry "Price Maker" (3) CORRECT ANSWER -firm can manipulate price by changing the quantity produced (ie. shifting supply to the left) High Barriers to Entry (4) CORRECT ANSWER -new firms CANNOT enter market -no...

GVPT 282 Midterm Latest 2023 Asian Infrastructure Investment Bank (AIIB) The AIIB is a financial institution focused on multilateral development in the Asia-Pacific region. This bank, with its 17-founding member and other joiners, competes with the IFIs established under the Bretton Woods System, mainly the World Bank and IMF. As a result, it threatens U.S.'s power to advance its foreign policy through conditionality for loans. Instead, IFIs may not compete, and this competition allows developi...

NLRB v. Mackay Radio & Telegraph Co. correct answers This doctrine clearly establishes the legality of using permanent strike replacements in economic strikes NLRB v. Washington Aluminum Co. correct answers non-unionized workers walk off job and protest due to poor conditions = fired = firing is ruled illegal by NLRB due to activity of mutual aid/ protection Anti-Injunction Act correct answers see Norris- LaGuardia Act of 1932. 1) Outlawed "yellow dog contracts". 2) makes it difficult fo...

CXC PAST QUESTIONS AND ANSWERS – PRINCIPLES OF BUSINESS May 17, 2011 at 1:00 pm (P.O.B Lessons) 1) The first question is a compulsory 10 marks question, taken from May June 2002 past paper (General). Question 1. It involves Economic Systems and Government Control of Business Activity. (a) List TWO types of economic systems. (2mks) (b) Explain the differences between the types of economic systems listed in (a) above. (4mks) (c) Suggest two ways by which the gover...

NLRB v. Mackay Radio & Telegraph Co. CORRECT ANSWER This doctrine clearly establishes the legality of using permanent strike replacements in economic strikes NLRB v. Washington Aluminum Co. CORRECT ANSWER non-unionized workers walk off job and protest due to poor conditions = fired = firing is ruled illegal by NLRB due to activity of mutual aid/ protection Anti-Injunction Act CORRECT ANSWER see Norris- LaGuardia Act of 1932. 1) Outlawed "yellow dog contracts". 2) makes it difficult for emp...

CSA correct answers Controlled Substances Act (enforced by the DEA) Poison Prevention Packaging Act correct answers Sets child-resistant drug packaging requirements, under US Consumer Product Safety Commission HIPAA correct answers set by the department of health and human services CMEA correct answers Control Methamphetamine Epidemic Act (CMEA)- pseudoephedrine containing product requirements Hatch-Waxman Act correct answers included the ANDA approval process for generic drugs in...

Florida MPJE Latest Update with Certified Solutions Sherman Antitrust Act This act: Outlaws agreements that restrain trade. Prevent monopolies and mergers that lessen competition Federal Food Drug and Cosmetic Act This act states: No adulterated or misbranded drugs in interstate commerce Adulteration Gross - Think inside the capsule Misbranded Improperly labeled - think outside the bottle FDCA This act requires: ingredients are disclosed on bottle drug must be proven safe before marketing au...

Champions School of Real Estate - Exam Prep Latest Update 100% Pass Buyer Representation Agreement An employment contract obligating a broker to act as a fiduciary to a buyer Implied Agency Agency as a result of customary, usual or typical conditions Broker A properly licensed party who serves a principal in an agency relationship- also called an agent Client A party represented by a broker in an agency relationship - also called a principal Duties of an Agent An agent owes his...