Discuss the Clayton Act and the Federal Trade Commission Act, and relevant amendments to them
What will be an ideal response?
The Clayton Act was passed to prohibit or limit a number of specific business practices that were felt to be unreasonable attempts at restraining trade. Included are price discrimination, exclusive dealing contracts, and mergers. The Robinson-Patman Act amended the Clayton Act to strengthen the prohibitions on price discrimination. The Federal Trade Commission Act established the Federal Trade Commission (FTC), and authorized the FTC to control unfair methods of commerce, including deceptive advertising.
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The heart of the supply-side economic program was to
A. raise taxes. B. lower taxes. C. raise government spending. D. put people to work in government jobs.
Under an upward sloping supply curve for land, the economic rents to land ________ as the demand for land shifts rightward
A) decrease B) increase C) remain the same D) We do not have enough information to answer this question.
If the average propensity to consume is initially 0.8, the marginal propensity to consume is 0.75, and real disposable income increases by $1000, the new value of saving is
A) $200. B) $250. C) $800. D) $750.
By choosing to target the interest rate, the Fed loses control over the money supply
Indicate whether the statement is true or false