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16 Cards in this Set
- Front
- Back
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3 Branches Government |
Executive Judicial Legislative |
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Functions of executive branch |
Enforcement of laws |
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Function of legislative branch |
Creation of laws |
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Function of judicial branch |
Interpretation of laws |
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Executive branch made up of |
President Vice President Cabinet Federal agencies |
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Legislative branch made up of |
Congress (House and Senate) |
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Judicial branch made up of |
Federal Courts |
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Sources of law in the US |
Statutes Regulations Case law Common law |
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Statutes |
Local, state, or federal laws that have been enacted by Congress |
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Regulations |
Published by regulatory agencies ( FTC Federal Trade Commission |
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Case law |
Decisions published by the court |
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Common law |
Principles/rights of individuals that exist, though they are not covered by statutes |
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2 goals of FTC |
1. Protect consumers from unfair and deceptive practices in the marketplace 2. Maintain competition to promote a market place free from anticompetitive mergers, business practices, or public policy outcomes |
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How does the FTC protect consumers? |
Stopping unfair, deceptive, or fraudulent practices in the marketplace. Investigations, sue companies and people who violate the law, develop rules ensure vibrant marketplace, educate consumers and businesses rights and responsibilities |
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How does the FTC promote competition? |
Price, selection, service Enforce antitrust laws so markets are open and free Challenge non competitive mergers and business practices that could harm consumers by resulting in higher prices, lower quality, fewer choices or reduced rates of innovation. |
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FCC |
Federal Communications Commission |
