The Public Choice Theory of Regulation Indicates That a Regulatory

question 83

Multiple Choice

The public choice theory of regulation indicates that a regulatory agency:

• A) encourages other regulatory agencies to deregulate their industries.
• B) seeks to find market solutions that are economically efficient.
• C) extends its regulatory powers over industries it was not intended to regulate.
• D) promotes the interests of government employees over those of the public.

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Definitions:

Socioeconomic Status

A measure of an individual's or family's economic and social position relative to others, based on income, education, and occupation.

Life Stressors

Events or conditions in one's environment that cause stress or discomfort.

Schizophrenia

A chronic brain disorder characterized by delusions, hallucinations, and other cognitive difficulties.

Delusion

A false belief held with strong conviction despite superior evidence to the contrary.