In most states, there is no legal maximum to the interest rate that can be charged to ______.

a. consumers

b. corporations

c. minors

d. private charities

The power of the federal government to control and punish monopolies derives from which of the following?

a. the Commerce Clause

b. the Separation of Powers Doctrine

c. the Monroe Doctrine

d. the ruling in Marbury vs. Madison

When courts use the rule of reason to determine whether an activity violates antitrust laws, they look to see if the activity does which of the following?

a. suppresses competition

b. drives down the cost of goods or services

c. drives up the cost of goods or services

d. affects the price at which the company's shares trade on the stock market

Which of the following is a valid defense to price fixing?

a. the fixed price is fair and reasonable.

b. the parties to the price fixing agreement are small companies who can now jointly compete with bigger companies.

c. the prices fixed were for services, not for goods.

d. there generally is no legal defense to price fixing.

Which of the following statements about the statute of frauds is true?

a. the statute does not apply to executed contracts

b. The statute applies to all sales of goods.

c. the statute does not apply to contracts for the sale of land costing less than $50,000.

d. the statute applies only when there is a factual dispute over an oral contract