Federal Trade Commission Act - Deceptive Practices

The video explains the importance of the FTC in combating unfair and deceptive practices and its authority under the FTC Act. It highlights the FTC's role in regulating antitrust laws, including the Sherman and Clayton Acts. The FTC has powers to prevent unfair practices, bring civil actions, and issue industry guidelines. The FTC Act is foundational for antitrust law application and development.

What is the primary purpose of Section 5 of the FTC Act?

• To establish tax regulations

• To combat unfair and deceptive acts or practices

• To regulate environmental practices

• To promote international trade

Which laws does the FTC administer under its authority?

• The Sherman Act and the Clayton Act

• The International Trade Act

• The Fair Labor Standards Act

• The Environmental Protection Act

What is one of the FTC's powers in regulating industry conduct?

• Granting patents

• Setting tax rates

• Conducting international trade negotiations

• Issuing rules and regulations

How does the FTC guide industry behavior regarding anti-competitive practices?

• By offering subsidies

• By issuing public reports

• By setting price controls

• By providing tax incentives

Why is the FTC Act considered foundational for antitrust law?

• It regulates labor laws

• It sets environmental standards

• It establishes international trade agreements

• It provides a framework for regulating competition