Restraint of Trade Agreements Quiz
3 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the purpose of agreement in restraint of trade?

  • To encourage international trade agreements
  • To regulate labor practices within a specific industry
  • To restrict competition and maintain market power (correct)
  • To promote fair competition and consumer choice
  • What is a potential consequence of an agreement in restraint of trade?

  • Enhanced product innovation and development
  • Reduced consumer options and higher prices (correct)
  • Increased market competition and lower prices
  • Expanded market access for new businesses
  • Who is affected by agreements in restraint of trade?

  • Consumers, by limiting their choices and potentially raising prices (correct)
  • Competing businesses, by encouraging healthy competition
  • Government agencies, by promoting fair trade practices
  • Labor unions, by regulating their negotiation power
  • More Like This

    Agreement of Sale pages 9-14
    21 questions

    Agreement of Sale pages 9-14

    EasiestMannerism5835 avatar
    EasiestMannerism5835
    Agreement: Offer and Acceptance
    58 questions
    Use Quizgecko on...
    Browser
    Browser