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 63 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
Great answer, keep it coming :)

bblaney

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Our species’ ability to form social bonds and be loyal and cooperative within our “tribe” may ... Our species’ ability to form social bonds and be loyal and cooperative within our “tribe” may ...
Social and Environmental Effects of Tourism in the Andaman Islands Social and Environmental Effects of Tourism in the Andaman Islands
When a Tornado Strikes: Social Organization Following a Natural Disaster When a Tornado Strikes: Social Organization Following a Natural Disaster
The U.S. Social Class Ladder The U.S. Social Class Ladder
Ogburn's Processes of Social Change Ogburn's Processes of Social Change
Regulation of the mammalian pyruvate dehydrogenase by feedback inhibition and covalent modification ... Regulation of the mammalian pyruvate dehydrogenase by feedback inhibition and covalent modification ...
Video: Virtual Tour of the Eye Animation

For a complete list of videos, visit our video library