The theory of regulatory behavior that suggests that regulators must consider the demands of legislators, consumers, and members of the regulated agency is called
A. the natural theory.
B. the creative theory.
C. share-the-gains, share-the-pains theory.
D. the capture theory.
Answer: C
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The above figure shows the marginal social benefit, marginal private cost and marginal social cost of producing steel. If the market is competitive and unregulated, how much steel will be produced?
A) 0 tons B) 2 tons C) 4 tons D) 8 tons
Real investment spending for the past 35 years is more volatile than real personal consumption
a. True b. False Indicate whether the statement is true or false
Which of the following pairs best represents complementary goods?
a. leather shoes and leather boots b. leather shoes and shoe laces c. leather shoes and leather sandals d. leather shoes and cow hides e. leather shoes and fabric shoes
The real rate of interest is
a. interest paid by commercial banks. b. interest paid by the Fed. c. equal to the money rate of interest plus the inflationary premium. d. the money rate of interest adjusted for inflation.