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the __ is a law passed in 1914 that seeks to prevent practices that may cause injury to customers, that cannot be reasonably avoided by

Question

The __ is a law passed in 1914 that seeks to prevent practices that may cause Injury to customers, that cannot be reasonably avoided by customers, and that cannot be justified by other outcomes that may benefit the consumer or the idea of free competition. Multiple Choice Wheeler-Lea Act Robinson-Patman Act Advertising Act Anti-Price Discrimination Act Federal Trade Commission Act

Solution

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4.3 (201 Votos)
Leandra Elite · Tutor por 8 anos

Resposta

The correct answer is 'E', the Federal Trade Commission Act.

Explicação

## Step 1The problem is asking us to identify a specific law that was passed in 1914. This law is designed to prevent practices that may cause injury to customers, cannot be reasonably avoided by customers, and cannot be justified by other outcomes that may benefit the consumer or the idea of free competition.## Step 2We need to evaluate each of the given options to see which one fits the description provided in the problem.## Step 3The Wheeler-Lea Act, passed in 1938, is primarily concerned with the regulation of false advertising. This does not match the description provided in the problem.## Step 4The Robinson-Patman Act, passed in 1936, is focused on preventing price discrimination. This also does not match the description provided in the problem.## Step 5The Advertising Act does not exist, so it cannot be the correct answer.## Step 6The Anti-Price Discrimination Act, passed in 1976, is concerned with price discrimination. This also does not match the description provided in the problem.## Step 7The Federal Trade Commission Act, passed in 1914, is the only option that fits the description provided in the problem. This act is designed to prevent unfair methods of competition and deceptive practices in commerce.