Answer the following statements true (T) or false (F)
1) The Sherman Act was passed in 1914.
2) The Clayton Act was the second major piece of antitrust legislation.
3) The Federal Trade Commission Act and the Sherman Act were passed in the same year.
4) The Antitrust Division of the Department of Justice enforces antitrust laws through both civil and criminal suits.
5) Actions that violate the Sherman Act can result in penalties that total substantially more than $100 million.
1) FALSE
2) TRUE
3) FALSE
4) TRUE
5) TRUE
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If, in 2000, $1 = 1.5 euros, and in 2007, $1 = 0.9 euros, which of the following statements would be TRUE?
a. More American tourists will find it cheaper to travel to Europe. b. More Europeans will stay home as visits to the United States become more expensive. c. Europeans will import fewer products from the United States. d. Americans will import fewer products from Europe.
Satya Nadella is the Chief Executive Officer of Microsoft as well as a member of Microsoft's board of directors. Nadella is therefore classified as an
A) outside director. B) inside director. C) independent director. D) unbiased director.