One primary reason why regulatory capture may occur in an industry is that:
A. The government designates unelected officials to head the various regulatory agencies of different industries
B. There is a lot of bribery and corruption going on in all major industries that the government seeks to regulate
C. The industry's leaders are the ones who pushed for the government to impose supervision and regulation over the industry
D. People who are qualified to supervise and regulate the industry often come from the industry itself
D. People who are qualified to supervise and regulate the industry often come from the industry itself
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Perfect, or 100%, recycling is
a. Physically feasible but always too expensive b. Not possible according to the second law of thermodynamics c. Physically feasible but not done because of failure to incorporate environmental costs d. Only accomplished for a few non-renewable resources e. Not currently feasible but will be possible in the future
A key component of the Keynesian model is that
A) people are not fooled by money illusion. B) prices are flexible. C) prices are sticky. D) wages are flexible.