The Public Interest Theory of Regulation Holds That

question 72

Multiple Choice

The public interest theory of regulation holds that

• A)regulators are seeking to do and will do through regulation what is in the best interest of the public or society at large.
• B)even though regulators seek to do what is in the best interest of the public at large, through regulation they end up doing what is in the best interest of the special interests of the industry that is being regulated.
• C)even though regulators seek to do what is in the best interest of special interests of the industry that is being regulated, through regulation they end up doing what is in the best interest of the public at large.
• D)regulators are seeking to do and will do through regulation what is in the best interest of the special interests of the industry that is being regulated.

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Definitions:

In-migration

The movement of people into a specified area, contributing to population growth and demographic changes.

Geographic Mobility

The ability and willingness of individuals or groups to move from one location to another, often for work or better living conditions.

Crude Birth Rate

A demographic measure representing the number of live births per 1,000 people in a given year, used to estimate population growth.

Fertility Rate

The average number of children born to a woman over her lifetime within a specific population.