"Regulatory Capture" Refers to the Situation Where a Government Agency

question 106

Multiple Choice

"Regulatory capture" refers to the situation where a government agency charged with supervising and regulating a particular industry is

• A) strongly influenced by the firms in the very industry that it is regulating.
• B) headed by bureaucrats who have a "lock" on their positions, without any rivals.
• C) completely dominating and controlling the actions of firms in the industry.
• D) headed by unelected government officials who have no strong desire to regulate.

---

Definitions:

1932 Presidential Election

The United States presidential election in which Democrat Franklin D. Roosevelt won a landslide victory over incumbent Republican President Herbert Hoover amid the Great Depression.

Personalities

Refers to the unique set of characteristics, traits, and behaviors that make up an individual's distinctive character.

Outcome

The result or consequence of an action, decision, or situation.

Munich Crisis

An event in 1938 where European powers, including Britain and France, conceded to Nazi Germany's annexation of Czechoslovakia's Sudetenland in an attempt to avoid war.