The Public Choice Theory of Regulation States That a Regulatory

question 155

Multiple Choice

The public choice theory of regulation states that a regulatory agency makes decisions based on

• A)surveys of what the public believes is in the best interest.
• B)its own conception of what is in the public's best interest.
• C)how these decisions affect the well-being of the agency itself.
• D)how these decisions affect the economic profits of the regulated firms.

---

Definitions:

Mutual-regulation Model

A theory suggesting that individuals in relationships manage and adjust their emotions and behaviors in response to each other.

Erikson

Refers to Erik Erikson, a developmental psychologist known for his theory on the psychosocial stages of human development.

Development

The process of growth and change that humans go through over their lifetime, including physical, mental, emotional, and social aspects.

Toddlerhood

The stage of child development that occurs from approximately 1 to 3 years of age, characterized by rapid growth in motor skills, language, and independence.