The "capture" in the capture hypothesis occurs because
A) regulators try to promote everyone's best interest.
B) society doesn't care for regulatory agencies.
C) regulators always know what is in society's best interest.
D) regulators usually have been or will be associated with the industries they regulate.
D
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By itself, an increase in the price of oil shifts the
A) aggregate supply curve rightward and does not shift the aggregate demand curve. B) aggregate demand curve rightward and does not shift the aggregate supply curve. C) aggregate demand curve rightward and shifts the potential GDP line rightward. D) aggregate supply curve leftward and does not shift the aggregate demand curve. E) aggregate demand curve leftward and does not shift the aggregate supply curve.
Consider the following three bonds, Bond F, Bond J and Bond P. Bonds F and P mature in 1 year while Bond J matures in 2 years. Bond F and J have a face value of $10,000 while Bond P has a face value of $12,000 . If the interest rate is 15%, rank the three bonds from highest present value to lowest present value
a. Bond F, Bond P, Bond J b. Bond P, Bond F, Bond J c. Bond J, Bond F, Bond P d. Bond P, Bond J, Bond F e. Bond F, Bond J, Bond P
The No Marginal Improvement Principle tells us that, at the best choice:
A. the marginal benefit of the last unit must be at least as large as the marginal cost and the marginal benefit of the next unit must be no greater than the marginal cost. B. marginal cost and marginal benefit of the last unit must always be equal. C. the marginal benefit of the last unit must be at least as large as the marginal cost and the marginal benefit of the next unit must be greater than the marginal cost. D. small changes in the level of an activity will always increase net benefit.
Refer to the graph below. If the economy is initially at equilibrium at the intersection of AD1 and AS1 and there is a tax cut, then, from a skeptical mainstream perspective, the immediate impact is that aggregate:
A. Demand would increase to AD2 and aggregate supply would increase to AS2
B. Demand would increase to AD2 and aggregate supply would remain at AS1
C. Supply would increase to AS2 and aggregate demand would remain at AD1
D. Demand would remain at AD1 and aggregate supply would remain at AS1