Examlex
Which of the following is a normative economic statement?
Clayton Act
A U.S. antitrust law aimed at increasing competition by preventing unfair trade practices and monopolies.
Federal Trade Commission Act
A U.S. federal law established in 1914 to prevent unfair or deceptive business practices, including anti-trust laws, to promote fair competition.
Social Regulation
Rules and standards imposed by governments to protect public welfare, including health, safety, and the environment.
Industrial Regulation
This term pertains to government rules and laws aimed at supervising and controlling industry practices to ensure fair competition, quality standards, and consumer protection.
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