Which of the Following Independent Regulatory Agencies Is Responsible for Preventing

question 32

Multiple Choice

Which of the following independent regulatory agencies is responsible for preventing businesses from engaging in unfair trade practices?

• A)The Federal Reserve System Board of Governors (the Fed)
• B)The Federal Trade Commission
• C)The Securities and Exchange Commission
• D)The National Labor Relations Board

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Definitions:

Socialist Economy

An economic system where the production and distribution of goods and services are regulated by the government, aiming for equal wealth distribution and minimizing economic inequalities.

State Enterprises

Businesses owned and operated by the government aimed at providing services or goods to the public.

Incentives

Motivational tools or rewards designed to encourage specific actions or behaviors by individuals or groups.

Economic Recession

A significant decline in economic activity across the economy, lasting for several months or longer, often visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.