Question

The __________ made unfair or deceptive acts or practices in commerce illegal under Section 5 of the Federal Trade Commission Act. Multiple Choice Noerr-Pennington amendment Robinson-Patman amendment Celler-Kefauver amendment Herfindahl-Hirschman amendment Wheeler-Lea amendment

Answer 1

The Wheeler-Lea amendment made unfair or deceptive acts or practices in commerce illegal under Section 5 of the Federal Trade Commission Act.

What was Federal Trade Commission Act?

The Federal Trade Commission was founded by the Federal Trade Commission Act of 1914, federal legislation of the United States. The Act, which was passed by US President Woodrow Wilson in 1914, forbids unfair business practices and unfair techniques of competition.

Unfair or misleading acts or practices in or affecting commerce are prohibited by Section 5 of the Federal Trade Commission Act (FTC Act) (15 USC 45). All individuals engaged in business, including banks, are subject to the restriction.

The Federal Trade Commission Act's Section 5 was modified by the Wheeler-Lea Act of 1938, which made "unfair or misleading acts or practices" and "unfair methods of competition" illegal. Civil penalties were offered for breaking Section 5 orders.

To know more about Wheeler-Lea Act refer to: brainly.com/question/16938880

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