This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Under the social interest theory of regulation, regulators attempt to maximize profits for the ... (Read 75 times)

vHAUNG6011

  • Hero Member
  • *****
  • Posts: 514
on: Jun 29, 2018
Under the social interest theory of regulation, regulators attempt to maximize profits for the owners of the firms being regulated. Is the previous statement correct or incorrect? Explain your answer.
 
  What will be an ideal response?

Question 2

What can lead to the shift illustrated in the figure above?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sylvia

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 29, 2018
Answer to Question 1

The statement is incorrect. The social interest theory is the theory that regulators seek an efficient use of resources. The capture theory of regulation is the theory that regulators attempt to maximize the producers' economic profit.

Answer to Question 2

A decrease in the money wage rate or in the money prices of other resources, such as the price of oil, increase aggregate supply and shift the AS curve rightward while not changing potential GDP.


vHAUNG6011

  • Member
  • Posts: 514
Reply 2 on: Jun 29, 2018
Wow, this really help

CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Guinea pigs "social groom" Guinea pigs "social groom"
Gate Control Theory, Gate control, Open gate, Closed gate, Pain, Nerve transmission of pain, Pain ma Gate Control Theory, Gate control, Open gate, Closed gate, Pain, Nerve transmission of pain, Pain ma
Richard Wrangham’s “female-bonded” theory of intergroup competition was highly influential in our un Richard Wrangham’s “female-bonded” theory of intergroup competition was highly influential in our un
Social History Questions Social History Questions
The U.S. Social Class Ladder The U.S. Social Class Ladder
molecular orbital theory molecular orbital theory
Video: Automated external defibrillator (AED)

For a complete list of videos, visit our video library