The Sherman Act and the Federal Trade Commission Act

question 346

Multiple Choice

The Sherman Act and the Federal Trade Commission Act:

• A) were passed to make it difficult for small companies to win customers away from large companies.
• B) are not taken seriously, since there are no penalties for violations.
• C) are quite different, with the FTC Act focusing on stopping deceptive business practices and the Sherman Act focusing on controlling monopolies.
• D) are just different names for the same thing-a law proposed by Sherman to establish the Federal Trade Commission.
• E) were passed to protect consumers from abuses by business, rather than to protect some businesses from others who had an "unfair" advantage.

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Definitions:

Nonhuman Beings

Entities or organisms that are not classified as human, including animals, plants, and in some contexts, artificial intelligences.

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.

Mental Set

A tendency to solve problems using procedures that worked before on similar problems.

Stereotype Threat

A burden of doubt a person feels about his or her performance, due to negative stereotypes about his or her group’s abilities.