QUIZ Question 1 The Federal Trade Commission handles all of the following EXCEPT
ID: 2750714 • Letter: Q
Question
QUIZ
Question 1
The Federal Trade Commission handles all of the following EXCEPT ________.
deceptive advertising
door-to-door sales
bait-and-switch advertising
state lemon laws
Question 2
The Supreme Court adopted the ________ for analyzing cases that were being heard for violations of Section 1 of the Sherman Act.
unreasonable restraints rule
review of effect
rule of reason standard
per se rule
Question 3
Which of the following is one of the purposes of an administrative agency?
to develop laws that are later voted on by Congress
to enforce statutes enacted by Congress
to take pressure off local and state resources
to evaluate the feasibility of retaining laws
Question 4
If an automobile manufacturer discovers a potentially hazardous defect in the product, the subsequent recall of the vehicles is enforced by the ________.
Food and Drug Administration
United States Department of Agriculture
Consumer Product Safety Commission
Federal Trade Commission
Question 5
Prohibition of price discrimination is addressed in the ________ Act.
Sherman
Clayton
Federal Trade Commission
Robinson-Patman
Question 6
Which of the following statements is NOT true about the per se rule?
It applies to restraints of trade that can be considered inherently anticompetitive.
The plaintiff bears the burden of proving the restraint of trade.
No further evidence needs to be considered once a violation is characterized as inherently anticompetitive.
Trade restraints violate section 1 of the Sherman Act.
Question 7
The Federal Aviation Administration is an example of which kind of regulation?
specific government regulation
general government regulation
industrial government regulation
specialty government regulation
Question 8
When two or more parties on different levels of distribution conspire, contract, or work together to restrain trade, it is called ________.
horizontal restraint of trade
price fixing
division of markets
vertical restraint of trade
Question 9
The National Environmental Policy Act requires that a(n) ________ be prepared for any proposed legislation, which may potentially affect environmental quality.
environmental intrusion study
environmental impact statement
national environmental interest disclaimer
community health impact statement
Question 10
States are required to prepare a(n) ________, outlining how it will meet the federal air quality standards.
state air quality study report
clean communities pledge
national air quality compliance report
state implementation plan
deceptive advertising
door-to-door sales
bait-and-switch advertising
state lemon laws
Explanation / Answer
question 1. State lemon laws
question 2. rule of reason standard