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Bess [88]
2 years ago
15

More theories of regulation The capture theory of regulation asserts that: Regulators capture the economic profits of the firms

they regulate Workers in regulated firms earn lower wages Regulators promote the interests of the firms they regulate
Social Studies
1 answer:
netineya [11]2 years ago
4 0

Answer: Regulators promote the interests of the firms they regulate.

Explanation: Capture theory of regulation asserts that regulators promote the interest of the firms they regulate. The result is that an agency that are charged with acting in the public interest, instead acts in ways that benefit the industry it is supposed to be regulating. Capture theory of regulation is a theory that explains agency established to regulate an industry for the benefit of society acts in the opposite to promote the benefit of the industry.

Regulatory capture is an economic theory which asserts that regulatory agencies may come to be dominated by the industries or interests they are charged with regulating. The captured agency begins to advance the interests of the industry rather than protecting the consumers. Problems arise when a regulating agency acts in the interests of regulated industry to the detriment of the general public.

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Answer:

  • Families planted gardens to grow their own food.
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Explanation:

To make use of every resource possible, the federal government imposed strict regulations about the purchase and consumption of goods. In each county, local citizens were put in charge of regulating the market. A parent could not even buy a bicycle for a child without permission, since metal frames and rubber tires were made of scarce commodities. Most groceries were controlled by rationing; that is, individual families could buy only so much of any item each month. <em><u>Families were issued ration books and could only use the coupons inside for buying certain amounts.</u></em> Prices were controlled by the coupons, and if a family ran out of coupons before the end of the month, they had to make do with what they had. Since gasoline was needed for the war effort, it was strictly limited. People drove only when they had to. One North Carolinian coped by building an electric car to get to work. Its “two V-8 Ford starter motors” were powered by two car batteries. He steered with a lever and sat in a plywood box. <em><u>Families again were encouraged to plant “victory gardens” to raise more of their own food.</u></em>

7 0
2 years ago
The leader of a self-help group has asked Patty to recommend an approach to psychology that emphasizes personal growth and peopl
Angelina_Jolie [31]

Answer: Patty would mostly likely recommend Humanistic approach.

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Humanistic approach lay it emphasis on empathy, and stresses the good in human behavior. This approach allows a psychologist to focus on ways to help improve an individuals self image or self actualization, the things that make them feel worthwhile. Humanistic approach emphasizes the unique qualities of humans, especially their freedom, and potentials for personal growth.

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