D080 - Set 4|Complete A+ Graded Study Guide
Consumer protection policy used to limit unfair business practices related to competition and control
of prices.
Antitrust laws
A market in which no individual economic actor can affect the price of a good, and there are no
barriers to enter or exit the market.
Perfectly competitive market
The first American antitrust policy. Established in 1890, it dealt with limiting the power of price-
controlling cartels.
Sherman Antitrust Act
Perfect competition
A farmers market has many vendors and consumers who all sell and buy the same produce at the
same price.
Which type of market is represented?
Reduced competition
A sole, national telephone company was found violating antitrust laws and was forced to separate
into regional companies.
What caused the violation of the antitrust laws?
World Trade Organization
Many countries from several geographic regions are accused of dumping steel into the U.S. market at
unfairly low prices.
Which entity can the United States appeal to in order to correct this apparent market manipulation?
Understanding that the environment not only belongs to everyone to enjoy but is also everyone's
shared responsibility.
Collective environment
Branch of the United Nations that deals specifically with worldwide environmental problems.
United Nations Environment Programme (UNEP)
Universal global climate deal aimed at keeping long-term global temperature increase at below 2°C.
Paris Agreement
American environmental act from the 1970s that requires federal agencies to prepare environmental
impact statements for every recommendation or report.
National Environmental Policy Act (NEPA)
, American agency established in the 1970s with the goal of monitoring the environmental practices of
industry.
The Environmental Protection Agency (EPA)
A 2010 industrial accident that is considered the largest oil spill in history.
Deepwater Horizon oil spill (BP oil spill)
U.S. law that strengthened the Environmental Protection Agency's ability to prevent and respond to
oil spills.
Oil Pollution Act of 1990
A US federal law governing water pollution.
The Clean Water Act
Environmental Protection Agency
Which governmental entity was created to provide regulatory authority regarding pollution by
industry?
Shared duty
Which type of duty is required to take care of the collective environment across the nation?
Sovereign rights of nations
What makes the enforcement of United Nations Environmental Program regulations difficult?
A factory that is guilty of some sort of labor abuse or violation such as unsafe working conditions,
employment of children, mandatory overtime, unsafe working conditions, and so on.
Sweatshop
A nongovernmental organization involved in anti-sweatshop activities and the implementation of
labor laws.
National Labor Committee
Developing and imposing a company internal code of conduct for vendor labor practices.
Which action is used by companies wishing to avoid working with vendors who use sweatshops?
Require that the factories be available for inspections.
A major footwear brand company is contracting the manufacturing of its products to a contractor's
manufacturing plant overseas. The footwear company has been accused of turning a blind eye to
sweatshop practices at other overseas contract locations before.
How should the footwear company ensure that the contractor will comply with the standards set
forth in the code of conduct that explicitly prohibit this practice?
The age at which a person becomes an adult.
What did the Worst Forms of Child Labor Convention, 1999 define?
Consumer protection policy used to limit unfair business practices related to competition and control
of prices.
Antitrust laws
A market in which no individual economic actor can affect the price of a good, and there are no
barriers to enter or exit the market.
Perfectly competitive market
The first American antitrust policy. Established in 1890, it dealt with limiting the power of price-
controlling cartels.
Sherman Antitrust Act
Perfect competition
A farmers market has many vendors and consumers who all sell and buy the same produce at the
same price.
Which type of market is represented?
Reduced competition
A sole, national telephone company was found violating antitrust laws and was forced to separate
into regional companies.
What caused the violation of the antitrust laws?
World Trade Organization
Many countries from several geographic regions are accused of dumping steel into the U.S. market at
unfairly low prices.
Which entity can the United States appeal to in order to correct this apparent market manipulation?
Understanding that the environment not only belongs to everyone to enjoy but is also everyone's
shared responsibility.
Collective environment
Branch of the United Nations that deals specifically with worldwide environmental problems.
United Nations Environment Programme (UNEP)
Universal global climate deal aimed at keeping long-term global temperature increase at below 2°C.
Paris Agreement
American environmental act from the 1970s that requires federal agencies to prepare environmental
impact statements for every recommendation or report.
National Environmental Policy Act (NEPA)
, American agency established in the 1970s with the goal of monitoring the environmental practices of
industry.
The Environmental Protection Agency (EPA)
A 2010 industrial accident that is considered the largest oil spill in history.
Deepwater Horizon oil spill (BP oil spill)
U.S. law that strengthened the Environmental Protection Agency's ability to prevent and respond to
oil spills.
Oil Pollution Act of 1990
A US federal law governing water pollution.
The Clean Water Act
Environmental Protection Agency
Which governmental entity was created to provide regulatory authority regarding pollution by
industry?
Shared duty
Which type of duty is required to take care of the collective environment across the nation?
Sovereign rights of nations
What makes the enforcement of United Nations Environmental Program regulations difficult?
A factory that is guilty of some sort of labor abuse or violation such as unsafe working conditions,
employment of children, mandatory overtime, unsafe working conditions, and so on.
Sweatshop
A nongovernmental organization involved in anti-sweatshop activities and the implementation of
labor laws.
National Labor Committee
Developing and imposing a company internal code of conduct for vendor labor practices.
Which action is used by companies wishing to avoid working with vendors who use sweatshops?
Require that the factories be available for inspections.
A major footwear brand company is contracting the manufacturing of its products to a contractor's
manufacturing plant overseas. The footwear company has been accused of turning a blind eye to
sweatshop practices at other overseas contract locations before.
How should the footwear company ensure that the contractor will comply with the standards set
forth in the code of conduct that explicitly prohibit this practice?
The age at which a person becomes an adult.
What did the Worst Forms of Child Labor Convention, 1999 define?
