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Test #1

Multiple Choice
Identify the letter of the choice that best completes the statement or answers the question.
 

1. 

A right is defined as:
a.
an obligation.
b.
a legal capacity to require another party to perform.
c.
any written promise.
d.
none of the above.
 

2. 

Statutory law is created by:
a.
Congress.
b.
state legislatures.
c.
local governments.
d.
all of the above.
 

3. 

Original jurisdiction courts are generally what type of courts?
a.
supreme courts
b.
appellate courts
c.
trial courts
d.
limited courts
 

4. 

The person who initiates a lawsuit is called the:
a.
defendant.
b.
moving party.
c.
plaintiff.
d.
none of the above.
 

5. 

A system in which a central government is given power to administer to national concerns and individual states administer to local concerns is called:
a.
bicameral.
b.
constitutional.
c.
federal.
d.
tripartite.
 

6. 

The federal supremacy refers to:
a.
the power of the President.
b.
the power of the Supreme Court to make decisions.
c.
the power of the Federal Government to legislate in certain areas.
d.
all of the above.
 

7. 

The U.S. Constitution has been amended:
a.
only expressly.
b.
only by interpretation.
c.
only by practice.
d.
by each of the ways listed above.
 

8. 

The FTC Act prohibits:
a.
price fixing.
b.
labor unions.
c.
unfair methods of competition.
d.
price discrimination.
 

9. 

The Clayton Act prohibits:
a.
all unfair methods of competition.
b.
conspiracies in restraint of trade.
c.
attempts to monopolize.
d.
price discrimination between buyers of like commodities.
 

10. 

The Sherman Act focuses on:
a.
unfair methods of competition.
b.
combinations or contracts in restraint of trade.
c.
permitted price discriminations.
d.
intrastate commerce.
 



 
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