Describe a recent violation of the Wheeler-Lea Act of 1938
What will be an ideal response?
In 2007, the FTC fined four makers of over-the-counter diet pills a collective $25 million for claiming their products produces fast and permanent weight loss.
You might also like to view...
If the Federal Reserve takes no countervailing actions, an expansionary fiscal policy will increase the deficit, increase GDP, increase prices, and drive up interest rates
a. True b. False Indicate whether the statement is true or false
If everyone in an economy buys and sells goods at market-wide prices:
A. people will pay the same prices, so everyone's marginal rate of substitution will be the same. B. people will pay the same prices, but will have different marginal rates of substitution. C. people will pay different prices, but will have the same marginal rates of substitution. D. people will pay different prices and therefore will have different marginal rates of substitution.