What aim does the Wheeler-Lea Act focus on in the context of advertising?

What aim does the Wheeler-Lea Act focus on in the context of advertising?

• A. Promoting fair pricing
• B. Preventing deceptive practices
• C. Regulating product safety
• D. Overseeing stock market transactions

Answer: (B)

The Wheeler-Lea Act specifically targets deceptive practices in advertising, making it a significant piece of legislation in consumer protection. Enacted in 1938, this act extends the authority of the Federal Trade Commission (FTC) to prevent misleading advertising and ensure that consumers receive truthful information about products and services. The primary goal is to protect consumers from false or misleading representations that could influence their purchasing decisions. By enforcing standards for advertising, the Wheeler-Lea Act aims to create a fair marketplace where consumers can make informed choices based on accurate information, ultimately promoting consumer trust and fair competition among businesses. This focus on preventing deceptive practices highlights the act's role as a safeguard against fraudulent advertising tactics.

The Wheeler-Lea Act specifically targets deceptive practices in advertising, making it a significant piece of legislation in consumer protection. Enacted in 1938, this act extends the authority of the Federal Trade Commission (FTC) to prevent misleading advertising and ensure that consumers receive truthful information about products and services. The primary goal is to protect consumers from false or misleading representations that could influence their purchasing decisions. By enforcing standards for advertising, the Wheeler-Lea Act aims to create a fair marketplace where consumers can make informed choices based on accurate information, ultimately promoting consumer trust and fair competition among businesses. This focus on preventing deceptive practices highlights the act's role as a safeguard against fraudulent advertising tactics.