Under the U.S. system of regulation, most regulars are selected from
A) politicians and their friends.
B) the industry that is to be regulated.
C) consumer advocacy groups.
D) university professors who understand the nature of the industry and who understand the true interests of consumers.
Answer: B
Economics
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Your text refers to airlines as "The Kings of Price Discrimination." Why is price discrimination common in the airline industry?
What will be an ideal response?
Economics
Inflation interferes with the functions of money. Which of the three functions is impaired, even when the inflation rate is quite low? Considering higher rates of inflation, which function is affected next?
Which function of money is the last to suffer substantial damage from inflation?
Economics