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Author Question: What is the social interest theory of regulation? How does it differ from the capture theory of ... (Read 93 times)

wenmo

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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


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Silverbeard98

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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

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

coreycathey

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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