The unfair practice about Standard oil was the fact that they practiced monopoly.
This was a business that was owned by one of the greatest Industrialists in the USA at the time.
It was a monopoly that was owned by John D Rockefeller and his associates.
The company practiced monopoly by buying the rival businesses and refineries.
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Answer :B, Standard Oil controls the docks and railroads so independent dealers cannot ship oil.
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False
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Answer:
Using Fiscal policy is the best way to fight the recession of the country.
Explanation:
It involves the acts of government like, increasing the government spending, making the interest rate as low as possible and encouraging the investors.
This tactics of applying the fiscal policy helps the country in increasing the GDP and fight against the recession.
Government should apply monetary policy when the economy of the country is in boom because it may cause inflation.
Privatization and reduction in money supply helps in controlling the inflation.
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