The Following Are Components of the Wheeler-Lea Amendment to the FTC

question 184

Multiple Choice

The following are components of the Wheeler-Lea Amendment to the FTC Act, except:

• A) expanded the authority of the FTC to prohibit false and misleading advertising practices
• B) granted the FTC power to monitor the amount of time television stations advertise to children
• C) gave the FTC power to levy fines when necessary
• D) granted the FTC access to the courts to enforce the law and ensure compliance with FTC rulings

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Definitions:

False Consensus Effect

A cognitive bias whereby people overestimate the degree to which their beliefs, opinions, preferences, values, and habits are normal and typical of those of others.

False Uniqueness Effect

The tendency of people to underestimate the commonality of their abilities and desirable or successful behaviors.

Base Rate Information

Statistical data that represents the general probability of an event or characteristic within a population.

False Consensus

The belief that one's own opinions, beliefs, or behaviors are more common in the general population than they actually are.