A study of segregated streetcars in the southern United States in the early twentieth century found which of the following?
a. Firms that ran the streetcars were more interested in segregating customers by race than profits.
b. The firms that ran the streetcars were unanimous in their support of laws that required segregation of races.
c. Before the passage of laws that mandated segregation of races on streetcars, segregation of smokers and nonsmokers was more common than segregation of races.
d. Segregation based on gender was more common than race at first.
c
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The Sherman Antitrust Act of 1890 was not well understood because
(a) skilled lawyers were not involved in its creation. (b) judges were mainly political hacks and therefore were unable to follow the logic of the Act. (c) vested interests had been allowed too much influence in drafting the legislation. (d) the purpose of the legislation was not sufficiently clear when it was drafted.
Which of the following would be the best example of a spot market?
a. the market for fine art b. the market for bananas c. the market for stocks and bonds d. the market for baseball cards