Which of the Following Is Not True About the Economic

question 18

Multiple Choice

Which of the following is not true about the economic (private) interest theory of regulation?

• A) Unlike public interest theory, regulation is not considered to be a commodity that is subject to the principles of supply and demand
• B) Regulation serves the private interests of particular parties, including politicians, who are seeking re-election
• C) Regulation serves the private interest of politically-effective groups
• D) Regulation tends to protect and maintain the ability of those with power and financial wealth to afford to buy lobbying power and votes, and suppresses the ability of others without it

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Definitions:

Anterograde Amnesia

Inability to remember events subsequent to a disturbance of the brain such as head trauma, electroconvulsive shock, or neurodegenerative disease.

Memory Loss

The unusual forgetfulness of recalling past events, information, or experiences, which may be temporary or permanent, depending on the cause.

Korsakoff Syndrome

A chronic memory disorder caused by severe deficiency of thiamine (vitamin B1), often associated with alcoholism.

Thiamine

A water-soluble B-vitamin (B1) essential for carbohydrate metabolism and neural function, deficiency of which can lead to neurological and cardiovascular problems.