One of the Three-Part Tests the FTC Uses to Determine

question 17

Multiple Choice

One of the three-part tests the FTC uses to determine if an advertisement is untruthful or deceptive.

• A)The act or practice must be considered from the perspective of a consumer who is acting reasonably.
• B)The act or practice must be considered from the perspective of the advertiser who is acting responsibly.
• C)The act or practice must be considered to be mutually beneficial to the consumer and advertiser regardless of its reasonability.
• D)The representation, omission, or practice must be immaterial.
• E)The commission or practice as well as the representation is more than immaterial.

Grasp the concept of marginal benefits and marginal costs, and their roles in determining the optimal output and resource allocation.

Understand the conditions under which an economy can achieve points beyond its production possibilities curve through international trade.

Recognize the factors that can cause the production possibilities curve to shift inward or outward.

Comprehend the concept of optimal allocation of resources and how it is achieved.

---

Definitions:

Medical Model

A framework that views psychological disorders as similar to physical illnesses, considering symptoms, diagnoses, and treatment.

Medical Model

A framework for understanding diseases and disorders by categorizing them through diagnosis, treatment, and prognosis based on biological causes.

Abnormal Behaviour

Patterns of emotion, thought, or action deemed pathological for varying reasons, including statistical rarity, violation of social norms, or personal distress.

Disease

A disorder or malfunction of the mind or body leading to symptoms, dysfunction, or distress, not directly resulting from physical injury.