When a regulator is concerned about pleasing different groups in order to keep employed, this is known as the
A) share-the-gains, share-the-pains theory.
B) regulatory hypothesis.
C) capture hypothesis.
D) creative theory.
Answer: A
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The establishment of well-defined property rights increases:
A. the unemployment rate. B. the amount of pollution. C. average labor productivity. D. the labor force participation rate.
As the federal funds rate changes, other interest rates tend to move in the same direction
Indicate whether the statement is true or false
As output increases, average total cost decreases
A) constantly. B) as the average product of labor decreases. C) initially and then starts to increase. D) in the long run and the short run. E) as long as average fixed cost decreases.
In the above figure, the price paid by the buyer before the tax is ________ per compact disc, and the price paid by the buyer after the tax is ________ per compact disc
A) $20; $20 B) $20; $30 C) $30; $20 D) $30; $30