TEST1

Contrast the public interest and interest group theories of regulation with respect to a. The role of the regulatory body b. Their implications for the amount of the regulated commodity or service (here, information) to be supplied.

Why should regulatory regimes be ‘proportionate’ and ‘real-time’? What are the fundamentalbuilding block? (50 words)

Changing a regulation may require focusing on different targets depending on the stage of development of the issue. .The _ is the person or body (e.g., school board or city council) who has the power to make the necessary change. secondary target O main objective O bullseye O primary target engaged audience

Government intervention can focus on the structure or behavior of a market. Antitrust focuses: Select one: a. Mostly on structure, while regulation focuses on behavior b. Mostly on behavior, while regulation focuses on both c. On both, while regulation focuses mostly on the level of competition within an industry d. On both, while regulation focuses mostly on structure

Compare and contrast the public-interest and special- interest theories of economic regulation. What is the capture theory of regulation?

Interest groups completely agree on regulatory policy. True False             Administrative Law concerns the procedures that must be followed so that most people are not deprived of life, liberty, or property without due process of law. True False     Granting of state licensing powers restricts entry into a profession is a  ________ barrier.   A. political   B. professional   C. economic   D. None of the above