According to the special interest theory,
a. economic regulation is designed to promote social welfare
b. producers may be able to influence regulators to impose restrictions favorable to producers
c. groups of consumers with special interests may be able to control a regulatory agency to their own benefit
d. foreign lobbyists may be able to control a regulatory agency to their own benefit
e. the fighting between special interest groups over economic regulation may cancel out effects of such regulation
B
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A government-inhibited good is a good which
A) is not subject to the principle of mutual exclusivity. B) the political process has deemed socially undesirable. C) can be consumed by one individual without affecting the consumption of another individual. D) the political process has deemed socially desirable.
As more women decide to work outside the home and therefore hire others to work around their home, GDP will increase by the value of
What will be an ideal response?