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 85 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
Gracias!

mochi09

  • Member
  • Posts: 335
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

The Regulation of Skeletal Muscle Contraction The Regulation of Skeletal Muscle Contraction
Leininger's Culutral Care Theory Leininger's Culutral Care Theory
Regulation of cortisol release. Regulation of cortisol release.
For Gulf War veterans, lack of social support in the field is related to postwar depression. The ... For Gulf War veterans, lack of social support in the field is related to postwar depression. The ...
Cell Surface Regulators Cell Surface Regulators
A patient is talking to the nurse about her husband’s abuse and attempt to strangle her. She ... A patient is talking to the nurse about her husband’s abuse and attempt to strangle her. She ...
Video: Electromagnetic Spectrum, Chlorophyll and Pigment & Light

For a complete list of videos, visit our video library