The capture theory of regulation holds that regulators use their influence and power to support the well being of the regulatory agency itself.
Indicate whether the statement is true or false.
Answer: False.
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An upward-sloping LM curve implies that the expenditure multiplier, when compared with the simple Keynesian expenditure multiplier, is
A) smaller. B) larger. C) equal. D) equal to the inverse of the simple multiplier.
What does a production possibilities frontier show?
a) scarce and less scarce resources b) global trade-offs and costs of doing business c) an economy that is producing but not at the maximum d) the maximum amount that an economy can produce
Which of the following do firms take advantage of to maintain high profits?
A. People tend to gravitate toward the default option. B. The government only fines companies that have over $2 million in sales each year. C. There is relatively little government oversight in the marketplace. D. People are unaffected by default options.
The "Big Five" macroeconomic variables with respect to agriculture
A) Represent key linkages between sectors in the food and fiber industry. B) Include the rate of interest, the unemployment rate, the rate of inflation, the rate of growth in GDP and the producer price index. C) Include the rate of foreign exchange, the rate of interest, the unemployment rate, the rate of inflation, and the rate of growth in GDP. D) None of the above.