What Was the Purpose of the Wheeler-Lea Act (1938)

question 79

Multiple Choice

What was the purpose of the Wheeler-Lea Act (1938) ?

• A)It eliminated monopolies and guaranteed competition.
• B)It made deceptive and misleading advertising illegal.
• C)It guaranteed that product packages are labeled correctly.
• D)It banned unfair credit card rate increases.
• E)It established the Federal Trade Commission.

---

Definitions:

Anti-Gravitational Fields

Hypothetical phenomena or technology that would counteract the force of gravity, often discussed in the context of science fiction or theoretical physics.

Variable Costs

Costs that change in proportion to the level of activity or volume of output in a business.

Law of Diminishing Returns

An economic principle stating that, holding all else constant, as one input variable to the production process is increased, there comes a point when the added output from each additional unit of input decreases.

Productive

refers to the capability of producing significant amounts of goods and services, or contributing to economic output efficiently.