All of the Following Are Components of the Wheeler-Lea Amendment

question 46

Multiple Choice

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

• A) expanded 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:

Regressive

Describes a tax or policy that disproportionately affects lower-income individuals, typically by taking a larger percentage of their income.

Payroll Tax

Burdens placed on employers along with their employees, customarily determined as a percentage of the staff's wages.

Corporate Profits Tax

A tax imposed on the income or profit of corporations.

Long Run

A time frame where every element of production and expenses can vary, enabling complete adaptation to any shifts.