B.establish railway rates for interstate railroads.

C. ban or recall unsafe consumer products. In the Microsoft antitrust case, the Federal government said in essence that: A merger between an automobile manufacturer and a maker of automobile tires is an example of a: A merger of several firms operating in different industries-for example, a trucking company, a fast-food chain, and a brokerage house-is called: The largest efficiency gains from deregulation have occurred in the: Social, as distinct from industrial, regulation is the major focus of the: The primary purpose of Social Security is to: Which is a cause of growing income inequality in the United States in the last decade? The Video Privacy Protection Act prevents the disclosure of personally identifiable information concerning video rentals and includes a right of civil action with a minimum liquidated damages provision of ______.


A. E. agree to fines as part of a consent order.

2. 15. It's run by five Commissioners, nominated by the President and confirmed by Congress. Once Wilson assumed the office of the Presidency, he followed through on his campaign promises to address the ex… The main purpose of the Federal Trade Commission is to find violators and punish them. The Magnuson-Moss Warranty Act requires the Federal Trade Commission to issue rules regarding warranties for consumer products. 7. To determine deception in advertising, the Federal Trade Commission. B. establish railway rates for interstate railroads. Which of the following gave the Federal Trade Commission responsibility to protect the public against false and misleading advertising? 17.


14. which of these names a function of the Federal Trade Commission. No more than three Commissioners can be of the same political party. the nation's consumer protection agency and one of the government agencies responsible for keeping competition among businesses strong.

A function of the Federal Trade Commission is to: The government was successful in gaining an antitrust conviction in the: Which of the following laws prohibited mergers by stock acquisition if the effect was to lessen competition? The Federal Trade Commission (FTC) was established as an independent administrative agency pursuant to the Federal Trade Commission Act of 1914.

1. Which statement concerning the table above is correct? ensure competition.

The exception to this rule is when companies. If monopolistically competitive firms in an industry are making an economic profit, then: Refer to the above graph of a representative firm in monopolistic competition. Learn term:federal trade commission = 0 with free interactive flashcards. ... by promoting transparency, the government can improve. The basic penalty for trade practice violations under the Federal Trade Commission Act is a civil fine of not more than ______. In the context of false advertising laws, state law. Which statement applies to the Social Security system? If a firm buys a new computer system that costs $12,000 a year it can reduce the firm's cost by $900 a year. Section 5 of the ______ prohibits unfair or deceptive acts or business practices. market efficiency. The main difference between the short run and the long run is that: Diminishing returns are observed as a firm increases production by adding variable inputs to at least one fixed input because: 3. There is no control over price by firms in: One major barrier to entry under pure monopoly arises from: With a natural monopoly, the fair return price: What is the meaning of the phrase "dilemma of regulation"? if a shoe company pays professional athelete ... Quizlet Live.

Under a cease and desist order issued by the Bureau of Consumer Protection, a party consents to sign an order which restrains the promotional activity deemed offensive. What does line 4 represent? Which of the following is the limitation of the Electronic Communications Privacy Act?

In which of the following cases did the final court decision result in a breakup of the firm into competing businesses?


The Federal Trade Commission is charged with eliminating competition to protect consumers.


22. When Congress passes a law, it sets down guidelines to carry out the new policies.

The firm will hire labor up to the point where the marginal: Which would be considered to be an economic resource?

If she applies for credit solely at a bank in her own name, the bank is legally allowed to assign negative values on a credit checklist because of the fact that she is unmarried. The goal of product differentiation and advertising in monopolistic competition is to make: In a monopolisitically competitive industry, the four-firm concentration ratio would be: 13. To obtain civil fines, either the Federal Trade Commission (FTC) or the Justice Department must ask the federal court to assess them. ECNAL Corp. manufactures bicycle parts. The Commission, which is known as the FTC, was created in 1914 and is part of the federal government. A firm in a purely competitive product market finds it must increase wages to attract extra workers. Other things equal, the interest rate on a loan will be larger: Other things equal, the interest rate on a loan will be smaller: The pure rate of interest is best approximated by the: It will be most likely that an industry would borrow funds to expand capital facilities when the: If you pay $10,625 annually on a $125,000 loan and the rate of inflation is 3 percent, then the: Which one of the following acts declared "Every contract, combination ... or conspiracy, in restraint of trade or commerce among the several states ... to be illegal"? A function of the Federal Trade Commission is to: A. investigate instances of faulty and misleading advertising. 9. Industry guides issued by the Federal Trade Commission are formal and legally binding.

Federal Trade Commission What is the main function of the bureaucracy? C.ban or recall unsafe consumer products. It's an independent agency within the Executive branch of the federal government, although it also reports on its activities to Congress, the Legislative branch. Which of the following statements is most likely to be true when the Federal Trade Commission (FTC) is very laissez-faire? Quizlet Learn.

The president appoints the commissioners of the Federal Trade Commission for four-year terms. A. may allow for private lawsuits in addition to government enforcement, which is an option not available under the Federal Trade Commission Act. The Federal Trade Commission advises firms that request advice as to whether a proposed practice is unfair or deceptive.

The FTC does not regulate most advertising.

Marie is an unmarried woman with a well-paid job. Each Commissioner serves for a seven-year term. In this scenario, which of the following remedies is used by the FTC?

20. Most cases brought by the Bureau of Consumer Protection are settled using ______. A. E. The FTC Act states that in the case of a violation through continuing failure to obey an order, each day the violation continues is a separate offense. When the total product curve is falling, the: There would be a unique product for which there are few close substitutes under which market model? Marie is an unmarried woman with a well-paid job. Each Commissioner serves for a seven-year term. The familiar telemarketing sales rule that established the national "Do Not Call" list is an example of a(n) ______.

4. The federal bureaucracy performs three primary tasks in government: implementation, administration, and regulation. 19.

A function of the Federal Trade Commission is to: A.investigate instances of faulty and misleading advertising.

12. 6.

The necessity to maintain incentives to work and incentives to produce output would be a point made by an individual making the case for: Government programs that pay benefits to those who are unable to earn income because of permanent handicaps or to those who have very low incomes are called: Since its inception in 1996, the Temporary Assistance for Needy Families (TANF) program has. 23. The Bureau of Consumer Protection may allege that an individual or company has violated Section 5 of the Federal Trade Commission Act, which prohibits unfair or deceptive acts or practices. Its job is to make sure companies compete fairly and don't mislead or trick people about their products and services.

The FTC was created in response to a public outcry against the abuses of monopolistic trusts during the late 19th and early 20th centuries. D. prevent insider trading in securities markets. ______ ensures fair competition by preventing those who would deceive consumers from diverting trade from those who compete honestly. Choose from 116 different sets of term:federal trade commission = 0 flashcards on Quizlet. The regulatory center for federal consumer protection is the ______. One of its new products, the Slipstream tire, is advertised to be 20 percent stronger than that of its competitors due to a new rubber compound used that makes the tires skid resistant. B. looks at both implied and express claims. The Commission, which is known as the FTC, was created in 1914 and is part of the federal government.

After receiving complaints of fraud, the Federal Trade Commission (FTC) determines that the tire is made from rubber similar to that found in most bicycle tires and is not skid resistant.

11. The President chooses one Commissioner to act as Chairman. The … 25.

Mutual interdependence would tend to limit control over price in which market model?

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