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

Author Question: What is the social interest theory of regulation? How does it differ from the capture theory of ... (Read 94 times)

wenmo

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
What is the social interest theory of regulation? How does it differ from the capture theory of regulation?
 
  What will be an ideal response?

Question 2

Which of the following is a solution to the problem of moral hazard in the labor market?
 
  A) Provision of real wages
  B) Provision of nominal wages
  C) Provision of efficiency wages
  D) Provision of minimum wages


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Silverbeard98

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Jun 29, 2018
Answer to Question 1

The social interest theory of regulation is that regulators seek an efficient use of resources. The capture theory asserts that producers capture the regulators so that the regulation is designed to help the producers maximize their economic profit.

Answer to Question 2

C


wenmo

  • Member
  • Posts: 540
Reply 2 on: Jun 29, 2018
Excellent

jomama

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

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?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

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

Hormonal regulation of digestion rate in the stomach and small intestine. Hormonal regulation of digestion rate in the stomach and small intestine.
Giambologna, The Capture of the Sabine Women. Giambologna, The Capture of the Sabine Women.
The cartoonist’s hyperbole makes an excellent commentary on the social class disparity of our ... The cartoonist’s hyperbole makes an excellent commentary on the social class disparity of our ...
A Diagrammatic Representation of the James-Lange Theory of Emotion A Diagrammatic Representation of the James-Lange Theory of Emotion
How to calculate present value using the compound interest formula (Question 2) How to calculate present value using the compound interest formula (Question 2)
Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ... Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ...
Video: How do the different types of chromatography work? (No Audio)

For a complete list of videos, visit our video library