Which of the following government agencies was established in 1914 to regulate and prevent unfair market practices?(1 point)
Responses
Antitrust Commission
Antitrust Commission
Sherman Antitrust Commission
Sherman Antitrust Commission
Federal Trade Commission
Federal Trade Commission
Clayton Antitrust Commission
Federal Trade Commission
The correct answer is: Federal Trade Commission.
The correct answer is the Federal Trade Commission. To arrive at this answer, we can systematically analyze the options and their relevance to the question.
Option 1: Antitrust Commission
This option is generic and does not specify a particular commission. It could refer to any commission related to the regulation of unfair market practices. Without more specific information, we cannot determine if this is the correct answer.
Option 2: Sherman Antitrust Commission
Similar to the previous option, this option does not provide enough information to identify the correct agency established in 1914.
Option 3: Federal Trade Commission
This option explicitly mentions the Federal Trade Commission. Established in 1914, the FTC is a government agency tasked with regulating and preventing unfair market practices. This is a strong candidate for the correct answer.
Option 4: Clayton Antitrust Commission
The Clayton Antitrust Act was passed in 1914, but it does not establish a specific commission. Therefore, this option is unlikely to be the correct answer.
Given this analysis, the most suitable response is Option 3: Federal Trade Commission.