1. Which of the following helped fuel economic growth by encouraging people to buy American goods?
A-Monopolies
B-Patents
C-Protective Tariffs (My Answer)
D-Laissez-Faire

2. A cartel differs from a monopoly in that
A-One corporation has complete control of a product or service.
B-Businesses making the same product agree to limit production.(My Answer)
C-One firm sets the prices for all goods in an industry.
D-All the firms involved in the same business merge into one entity.

Question

1. Which of the following helped fuel economic growth by encouraging people to buy American goods?
A-Monopolies
B-Patents
C-Protective Tariffs (My Answer)
D-Laissez-Faire

2. A cartel differs from a monopoly in that
A-One corporation has complete control of a product or service.
B-Businesses making the same product agree to limit production.(My Answer)
C-One firm sets the prices for all goods in an industry.
D-All the firms involved in the same business merge into one entity.

anonymous · Answer

@SolomonZelman You think my answers are right?