Sherman Anti Trust Law 1890
My understanding of this law was that it was enacted to break up the monopolistic practices of large companies like Standard Oil of New Jersey which was the Microsoft of it's day. It was broken up into several smaller entities like what became Chevron for example.
There is no answer there that says exactly that. Somewhere in the fine print it might say one of the ones I'm going to eliminate. Like I don't think it had anything to say about congressmen investing in the stock market, nor does it say anything about taxation. It certainly didn't remove regulation from business.
So that leaves us with B and E. The wording of both are very awkward. Laissez faire has the meaning of without government regulation or government favor. My understanding again is "Let the Marketplace decide." That is not exactly what Sherman Anti Trust is about. The market place can be filled with monopolies and still be unfair because the monopolies are big enough that they can control their corner of the market place,
B is probably the best choice you have, but if you ask me, a question like this one has a correct answer only known to the asker.
Answer: B
Problem 2
The minute you start talking about the balance between growth inflation and money, you are talking about the Federal Reserve, or that used to be it's mandate. The department of the Treasury is likely your second best choice, but it is not the answer. The Treasury Department is the issuer of money and the safeguard of its use both at home and abroad.
The interest procedure is left in the hands of the Fed.
Answer: E
