Which of the Following Would Be the Best Example of Regulatory

question 62

Multiple Choice

Which of the following would be the best example of regulatory capture?

• A) Starbucks buys up all the available supplies of coffee beans.
• B) Nike executives influence the rules for track and field events.
• C) Federal law makers write and pass legislation that protects domestic companies from foreign competition.
• D) Executives from the Ford, General Motors, and Chrysler companies write the rules regulating automobile safety and fuel requirements.

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Definitions:

Birth Rate

The number of live births per thousand people in a population over a specific period.

Economic Liability

A legal obligation or debt that results in a financial burden or disadvantage to an individual, business, or organization.

Postindustrial Period

A stage in societal development characterized by the shift from manufacturing-based economies to those dominated by service-oriented, information-based activities.

Demographic Transition

A theory describing the transition from high birth and death rates to lower birth and death rates as a country develops from a pre-industrial to an industrialized economic system.