The FTC is
A. the act that prevents producers from driving out smaller competitors by means of selected discriminatory price cuts.
B. the agency set up to regulate hospitals.
C. the commission that investigates unfair competitive practices such as misleading advertising.
D. an agency which has been set up to regulate the federal government.
Answer: C
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A recession shows
A) supply always equals demand. B) supply never equals demand. C) thousands of businesspeople have misread market signals. D) real GDP must be lower than nominal GDP. E) not enough households are using their credit cards.
Fiscal expansion under fixed exchange rates will have what temporary effect?
A) the money supply will decrease. B) output will decrease. C) the exchange rate will increase. D) the exchange rate will decrease. E) there will be no effect.