What was the importance of the Federal Trade Commission Act of 1914?
What will be an ideal response?
The act set up an independent government agency to investigate and to enforce antitrust laws and the provisions of the Clayton Act. The act also broadened the range of illegal business practices that could be regulated. For example, the commission could hold hearings on unfair methods of competition and also issue “cease-and-desist orders” when business practices were deemed unfair for commerce. The Wheeler-Lea Act of 1938 extended FTC power by giving the commission the authority to protect the public against deceptive or misleading advertising.
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A creative response to regulations can be described as
A) conforming to the letter of the law but undermining its spirit. B) totally conforming to the law. C) completely ignoring the law. D) none of the above.
The "story of agriculture" in the United States is one of
a. lesser output per acre and a greater number of farms b. smaller farm size and greater output per acre c. increase in technological adaptation on smaller farms d. governmental intervention in determining all farm prices e. technological advance, greater productivity for farms, and fewer farms