Social Studies College

What is the purpose of the federal trade commission (FTC)?

A. To protect consumers from unfair and illegal business practices
B. To protect the government from incurring debt
C. To protect business owners from being taken advantage of by consumers
D. To regulate money within the country

Answers

Answer 1
Answer: A

The FTC was used to protect consumers from unfair and illegal business practices
Answer 2

The purpose of the Federal Trade Commission (FTC) is to protect consumers from unfair and illegal business practices.

What is the purpose of the federal trade commission (FTC)?

The agency is responsible for enforcing a variety of federal laws that protect consumers from fraudulent, deceptive, and unfair business practices. The FTC has the authority to investigate and prosecute companies that engage in deceptive or unfair practices, as well as to regulate certain industries and to prevent anticompetitive behavior.

The FTC is an independent agency of the US government that was created in 1914 to prevent unfair methods of competition in commerce. Its mission is to promote competition and protect consumers by enforcing antitrust laws and other consumer protection regulations.

The agency works to ensure that businesses are truthful in their advertising and marketing, and that consumers have access to accurate information about the products and services they purchase.

In summary, the FTC's purpose is to promote a competitive marketplace and protect consumers from unfair and deceptive practices by enforcing federal laws and regulations related to consumer protection and antitrust.

Learn more about federal trade commission (FTC) here

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