True. The Federal Trade Commission (FTC) is an independent agency of the United States government that was established in 1914 by the Federal Trade Commission Act.
The FTC’s primary purpose is to protect consumers from unfair or deceptive trade practices, such as false advertising and price fixing, and to promote competition among businesses in the marketplace.
In addition to its role in protecting consumers, the FTC also works to promote free and fair trade among nations. The agency works to remove trade barriers, such as tariffs and other non-tariff barriers, between Canada, Mexico, and the United States. By removing these trade barriers, the FTC helps to facilitate trade between the three countries and creates an environment of fair competition that benefits consumers and businesses alike.
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