1. Based on the post-employment conflict of interest, over time regulatory agencies can develop a bias...

1. Based on the post-employment conflict of interest, over time regulatory agencies can develop a bias to support the

welfare needs of society in general.

groups of individuals who are not likely to be affected by regulation.

desires of the firms that are being regulated.

goals of attaining economic efficiency.

2. According to public choice theory, individual self-interests influence the actions of

consumers in the private sector, but not voters in the public sector.

producers in the private sector, but not politicians in the public sector.

taxpayers, but not the recipients of government produced public goods.

consumers, producers, voters, and politicians in both the private and public sectors

Solutions

Expert Solution

1. The correct option is C- desires of the firms that are being regulated.

Because regulatory agencies depend on the firms that are being regulated for their existence, they by default need them to exist (post-employment conflict of interest) and hence, they get biased ttowards the desires of the firm that is being regulated.

2. The correct option is D- consumers, producers, voters, and politicians in both the private and public sectors

The public choice theory assume that everyone acts in self-interest not only in private domain, but in public domain also. Hence option D.

Rahul Sunny answered 2 years ago

Next > < Previous

Related Solutions

Investors can encounter a conflict of interest for credit rating agencies (CRA) when buying debt securities.

a) Explain the possible reasons for causing such conflicts and the circumstances in that conflicts of interest for CRAs are most likely to happen.b) If a conflict of interest for CRAs exists in the financial market, provide some possible ways to mitigate such conflicts.

A licensed CPA can face charges by regulatory agencies for failing to exercise professional skepticism or...

A licensed CPA can face charges by regulatory agencies for failing to exercise professional skepticism or due care in a routine audit. Discuss accounting techniques that might be used to assure that you have exercised due care while maintaining professional skepticism

14. Describe the potential conflict of interest that exists between credit rating agencies (Moody’s, Standard and...

14. Describe the potential conflict of interest that exists between credit rating agencies (Moody’s, Standard and Poor, and Fitch) and companies to which they are giving bond ratings?

1. Two countries, A and B, have a conflict over a common border. The border can...

1. Two countries, A and B, have a conflict over a common border. The border can take values from zero to one, inclusive, where x is the percentage of the disputed territory under Country A’s control. Country B’s ideal point for the border is 0. Country A’s ideal point for the border is one. Country A’s utility function is x and Country B’s utility function is 1-x and, where x is the point at which the border is actually set....

1. Identify and describe several current environmental issues, and describe the federal laws and regulatory agencies...

1. Identify and describe several current environmental issues, and describe the federal laws and regulatory agencies that exist to protect the environment. 2. List organizations and global initiatives that protect the environment. 3. Describe the major sources of air pollution, and list strategies for minimizing their effects. 4. Analyze sources of water pollution, and list ways to protect water quality. 5. Describe the risks of noise pollution and methods for minimizing it. 6. Describe the elements of the visual environment...

1, The close relationship that can exist between state agencies, legislative oversight committees, and interest groups...

1, The close relationship that can exist between state agencies, legislative oversight committees, and interest groups is called Group of answer choices A collective good A Super PAC An iron triangle A private good 2, The policy liberalism index was created by looking at state laws on all but which of the following? Group of answer choices conditions for receiving TANF, and tax progressivity abortion and gun control laws the size of the state militia Right to work laws 3,...

Using the patient profile provided, develop and post an education plan for the patient based on...

Using the patient profile provided, develop and post an education plan for the patient based on their current health status. Include 2 short-term and 1 long-term goals for the patient and provide detailed education to the patient on how to meet these goals and maintain optimum health. Include information on follow-up care as well. A.R. is a 26-year-old male with a history of IV drug use. He has been clean and sober for 2 years. He was diagnosed as HIV...

1) DEFINE SIMPLY CONFLICT OF INTEREST WITH TWO EXAMPLES

1) DEFINE SIMPLY CONFLICT OF INTEREST WITH TWO EXAMPLES 2) DEFINE TYPES OF CONFLICT OF INTEREST WITH TWO EXAMPLES OF EACH ( EXAMPLES SHOULD BE FROM ENGINEERING) 3) GIVE POINTS OR METHODS TO OVERCOME OR RESOLVE CONFLICT OF INTEREST 4) GIVE A GRAND EXAMPLE OF ENGINEERING THAT INVOLVES ALL TYPES OF CONFLICT OF INTERESTS

. Two countries, A and B, have a conflict over a common border. The border can...

. Two countries, A and B, have a conflict over a common border. The border can take values from zero to one, inclusive, where x is the percentage of the disputed territory under Country A’s control. Country B’s ideal point for the border is 0. Country A’s ideal point for the border is one. Country A’s utility function is x and Country B’s utility function is 1-x and, where x is the point at which the border is actually set....

. Two countries, A and B, have a conflict over a common border. The border can...

Subjects