In the struggle to control the power of big business which emerged between the Civil War and World War I, the nation
(a) relied heavily on the principles of government expounded by the Founding Fathers such as Thomas Jefferson.
(b) slowly changed into the modern regulated economy.
(c) decided ultimately that big business was here to stay and should be allowed to operate without government interference.
(d) began a policy of government ownership of business in important sectors of the economy.
(b)
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If the price of tangerines increases, the price of oranges also rises because
A) buyers' incomes must have decreased, and oranges are an inferior good. B) if the supply of tangerines decreased, then the supply of oranges also must decrease. C) buyers must have expected a higher price for oranges and thus increased their demand for oranges. D) consumers consider the two goods complements, and so sellers decreased the supply of oranges. E) consumers consider the two goods substitutes, and demand for oranges increases.
Most international trade takes place between countries that are far away from each other
Indicate whether the statement is true or false