The capture theory of regulation implies that
A) regulations promote the attainment of efficiency.
B) regulations promote the attainment of economic profit.
C) public officials favor voters over producers.
D) the demand for regulation is less elastic than the supply.
B
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Exhibit 36-1 Bond FaceValueof Bond Price ofthe Bond Annual CouponPayment A $1,000 $850 $25 B $1,000 $950 $41 C $1,000 $1,100 $52 D $1,000 $1,100 $32 E $1,000 $1,000 $50 Refer to Exhibit 36-1. The yield on bond B is approximately
A. 4.1 percent. B. 4.3 percent. C. 0.04 percent. D. 17 percent.
The "housing bubble" discussed in the text book refers to:
A. housing prices rising much more quickly than the rest of prices in the economy. B. an unexplained increase in the demand for houses which caused the prices of houses to rise. C. a supply shock to the housing market, which caused housing prices to increase. D. housing prices within a certain area of the U.S. rising disproportionately with the rest of houses in the economy.