Federal Trade Commission

The video explains the role of the Federal Trade Commission (FTC) in preventing unfair and deceptive trade practices. It highlights the Bureau of Consumer Protection's role under the FTC, which enforces consumer protection laws and has regulatory authority under antitrust law. The FTC investigates unfair practices, creates regulations, and recommends statutory provisions to Congress. It collaborates with other agencies like the Consumer Product Safety Administration and the FDA, and is known for its antitrust provisions while also enforcing other consumer protections.

What is the primary role of the Federal Trade Commission (FTC)?

• To regulate international trade

• To prevent unfair and deceptive trade practices

• To manage federal taxation

• To oversee state consumer protection laws

Which bureau within the FTC works towards its consumer protection goals?

• Bureau of Economic Analysis

• Bureau of Consumer Protection

• Bureau of Labor Statistics

• Bureau of Trade and Commerce

What type of functions does the FTC have?

• Judicial functions

• Both quasi-executive and quasi-legislative functions

• Only legislative functions

• Only executive functions

Under which laws does the FTC have regulatory authority?

• Antitrust law and the Fair Federal Trade Commission Act

• Environmental Protection Act

• Federal Taxation Law

• State Consumer Protection Laws

Which other agencies assist the FTC in consumer protection?

• Department of Education and NASA

• Federal Aviation Administration and EPA

• Department of Defense and Homeland Security

• Consumer Product Safety Administration and FDA