It is important to limit a government's power because, unchecked, a government can impose laws on its citizens that can turn oppressive.
Answer:
The market price of an asset or service is determined by the forces of supply and demand. The price at which quantity supplied equals quantity demanded is the market price. The market price is used to calculate consumer and economic surplus. ... Economic surplus is the sum total of consumer surplus and producer surplus.
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The correct answer would be, Piercing the Corporate Veil.
The court may disregard the corporate structure and impose personal liability on the shareholders treating them like partners. This is called as Piercing the Corporate Veil.
Explanation:
A corporation is a form of business in which there are officers called as the board of directors, who run the business as a separate legal entity.
There are shareholders in the corporation who have their shares or stakes in the company.
When a court finds that the shareholders of a corporation are using corporate structure as a shield from liability when acting purely for personal purposes, then in this situation, the court holds the shareholders and directors, personally liable for their actions and debts. This is called as Piercing the Corporate Veil.
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Answer: The answer is a). Federal Trade Commission (FTC)
Explanation: The Federal Trade Commission (FTC) was created on September 26, 1914. It is an independent agency of the United States government whose purpose is to enforce the provisions of the Federal Trade Commission Act, which prohibits "unfair or deceptive acts or practices in commerce" and also, aid in the promotion of consumer protection.
The FTC's Bureau of Consumer Protection stops unfair, deceptive and fraudulent business practices by:
-Collecting complaints and conducting investigations.
-Suing companies and people that break the law.
-Developing rules to maintain a fair marketplace.
-Educating consumers and businesses about their rights and responsibilities