"Regulatory capture" refers to the situation where a government agency charged with supervising and regulating a particular industry is:
A. Strongly influenced by the firms in that industry
B. Headed by bureaucrats who have a "lock" on their positions, without any rivals
C. Completely dominating the actions of firms in the industry
D. Headed by unelected government officials
A. Strongly influenced by the firms in that industry
You might also like to view...
When nations enter into currency unions, their fiscal affairs continue to be separate. The exception to this situation is whenever a confederation of states has a system:
A) whereby monetary policy is decided by consensus rather than centrally. B) of government subsidies for firms exporting outside the union. C) of fiscal mechanisms that permits interstate transfers. D) of common tax policies and regulatory rule.
A Giffen good could be either a normal good or an inferior good
Indicate whether the statement is true or false