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:

Self-Disclosure

The act of revealing personal information about oneself to others, which can help in the development of trust and intimacy in interpersonal relationships.

Defense Mechanism

Psychological strategies used unconsciously by individuals to protect themselves from anxiety and to cope with reality or maintain self-image.

Aggressive Feelings

Emotions characterized by anger or hostility that may result in aggressive behavior towards others or oneself.

Displacement

In psychology, transferring an emotional response from the original source of stress to a safer or more convenient target.