The "primary motive" of regulators, according to the share-the-gains, share-the-pains theory, is to

A) maximize their income through accepting monetary payoffs from groups.
B) ensure that every group gets what it wants.
C) ensure that all customers share the benefits of regulation, and not just the wealthiest consumers.
D) keep their jobs.

D

Economics

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Understanding the distinction between positive and normative economic statements is important because it

a. enables us to derive better forecasts of macroeconomic aggregates such as GDP b. explains why economics is not a physical science c. is the primary distinction between macroeconomics and microeconomics d. provides a framework for understanding differences among economists e. enables us to see the rationale behind economic models

Economics

The direct impact of contractionary monetary policy is to:

A. lower U.S. income, reduce U.S. imports, and lower the value of the dollar. B. raise U.S. income, increase U.S. imports, and raise the value of the dollar. C. raise U.S. income, increase U.S. imports, and lower the value of the dollar. D. lower U.S. income, reduce U.S. imports, and raise the value of the dollar.

Economics