Which of the Following Federal Agencies Is NOT Directly Involved

question 15

Multiple Choice

Which of the following federal agencies is NOT directly involved in regulating advertising?

• A)the Food and Drug Administration
• B)the Federal Communications Commission
• C)the U.S.Justice Department
• D)the U.S.Postal Service
• E)the Federal Trade Commission

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Definitions:

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive, measured above the supply curve.

Market Price

The existing price point at which an asset or service is traded in a designated market area.

Market

A system through which buyers and sellers interact to trade goods, services, or resources.

Law Of Supply

The principle that, all else equal, an increase in the price of a good will result in an increase in the quantity supplied.