The Federal Trade Commission
a. was abolished by the Celler-Kefauver Act
b. was established when the Antitrust Division of the Justice Department was eliminated
c. largely deals with telephone and utility regulation
d. is a weak and ineffective government agency
e. investigates unfair and deceptive trade practices
E
You might also like to view...
Which of the following was NOT a cause or a characteristic of the 1994/95 Mexican peso crisis?
A) An overvalued exchange rate B) An inflow of large foreign portfolio capital C) The inability of the IMF, the world bank, and the NAFTA member countries (i.e., the United States and Canada) to predict the looming financial crisis D) Shifts by the world capital markets toward more conservative and risk-averse investments because of interest and exchange rate movements around the world E) High domestic investments with insufficient domestic savings
When all players are choosing their best strategies on the assumption that their opponents are doing likewise, the outcome is called:
a. a Stackelberg equilibrium. b. a Nash equilibrium. c. a Cournot equilibrium. d. a Bertrand equilibrium.