The "primary motive" of regulators, according to the share-the-gains, share-the-pains theory, is to
A) maximize their income through accepting monetary payoffs from groups.
B) ensure that every group gets what it wants.
C) ensure that all customers share the benefits of regulation, and not just the wealthiest consumers.
D) keep their jobs.
Answer: D
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Structural unemployment exists because workers and employers try to find the right employment matches
Indicate whether the statement is true or false
Which of the following results in a movement upward along the supply curve for movies in theaters?
A) an increase in the price of movie tickets B) a decrease in the price of movie tickets C) a decrease in the price of downloaded movies D) a decrease in movie star salaries E) an increase in the number of theaters
The above table gives the initial balance sheet for Mini Bank. Mini Bank's actual reserve ratio equals ________
A) 25 percent B) 12.5 percent C) 33.3 percent D) 20 percent
When an external cost exists that is NOT taken into account in the production of a product,
A. the level of output is too low, and the supply curve should shift to the right to account for the externality. B. the level of output is too high, and the supply curve should shift to the left to account for the externality. C. the price of the product is too high, and production should be expanded to lower the price. D. the level of output is optimal, and there should be no change in the supply curve.