Author Question: Which event in business regulatory history permitted government intervention in industry affairs? ... (Read 118 times)

D2AR0N · **on:** Jun 30, 2018

Which event in business regulatory history permitted government intervention in industry affairs?

(a) The case of Munn v Illinois (1877)
(b) The Sherman Act of 1890
(c) The case of Nebbia v New York (1934)
(d) The creation of the Interstate Commerce Commission via the
Interstate Commerce Act of 1887

Question 2

In the debate between equity and efficiency, _____ tend to favor efficiency, while _____ tend to favor equity.

a. Keynesians; classicals
b. monetarists; supply-siders
c. supply-siders; Keynesians
d. classicals; supply-siders.