Regulatory capture is where

A) governments take over monopolies through use of regulation.
B) firms impose barriers to entry on regulators.
C) regulators of an industry look out for the industry instead of society.
D) the government taxes the profits of monopolies such that all producer surplus goes to the government.

C

Economics

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The relationship between consumer spending and income is known as the

A) rate of individual wealth. B) consumption function. C) rate of income. D) inflation rate.

Economics

Explain the concept of a self-fulfilling prophecy

What will be an ideal response?

Economics