The Capture Theory of Regulation Implicitly Holds That

question 68

Multiple Choice

The capture theory of regulation implicitly holds that

• A)the members of a regulated industry have a stronger incentive to attend regulatory meetings than taxpayers and consumers.
• B)regulators will always do what they think is in the public's best interest.
• C)regulatory lag is often longer than most people think.
• D)people who have worked in an industry are unlikely to become regulators in that industry.

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Definitions:

Collectivists

Individuals or cultures that prioritize the group’s needs over the needs or desires of each individual.

Individualists

are people who prioritize individual rights, independence, and personal achievements over group goals, often seen in Western cultures.

Psychosexual Development

A Freudian concept outlining how personality develops through stages based on the focus of libido, from childhood to adulthood.