Who receives benefits if regulation works according to social interest theory?
A) the entire economy
B) cohesive interest groups
C) everyone not in the cohesive interest group
D) the regulators
E) It is impossible to determine who benefits.
A
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If the simultaneous game is instead changed into a sequential game where the shoplifter can see whether the security guard is vigilant or not before deciding to steal. What is the Nash equilibrium of the game?
a. Steal, Vigilant b. Steal, Not vigilant c. Not steal, Vigilant d. Not steal, Not vigilant
What is the current, annual, approximate amount per person paid to the federal government in individual income taxes, social insurance taxes, corporate income taxes, and other taxes?
At the time it occurs, external financing of the debt allows the economy to
A. Export more goods and services. B. Consume beyond the production possibilities curve. C. Reduce the size of the national debt. D. Reduce the deficit ceiling.
Suppose we observe that the demand for eggs increases when people buy more potatoes. We can conclude that eggs and potatoes are
A) inferior goods. B) normal goods. C) complements. D) substitutes.