The Inclination of Regulatory Agencies to Promote the Interests of Government

question 129

Multiple Choice

The inclination of regulatory agencies to promote the interests of government agency employees over those of the public is explained by the:

• A) theory of imperfect competition.
• B) public interest theory of regulation.
• C) capture theory of regulation.
• D) public choice theory of regulation.

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Definitions:

Le Chatelier's Principle

A principle that states that if a system at equilibrium is subjected to a change in concentration, temperature, volume, or pressure, then the system adjusts to counteract that change and restore a new equilibrium.

Hemoglobin

A protein found in red blood cells responsible for transporting oxygen from the lungs to the rest of the body and returning carbon dioxide from the tissues back to the lungs.

Oxygenated

Refers to compounds or blood enriched with oxygen.

Common Poison

Substances that can cause harm or death when introduced to a living organism's body in sufficient quantities.