Q2. In general, regulators of a specific industry are held accountable by three separate interested parties, which least likely includes which of the following groups? A) legislators. B) customers of the industry. C) lobbyists and special interest groups.
Q3. The theory that assumes that despite the original purpose behind its establishment, a regulatory agency will be influenced or even possibly controlled by members of the industry that is being regulated is called the: A) share-the-gains, share-the-pains theory. B) feedback effect. C) capture hypothesis.
Q4. California Electric’s proposed plan to maintain the current program of passing on gradual price increases to consumers can best be described as: A) rate-of-return regulation. B) natural monopoly regulation. C) cost-of-service regulation.
Q5. If consumers change their electricity consumption in response to the California Utilities Commission’s proposal to increase the rates providers are permitted to charge, it can best be described as a: A) creative response. B) positive effect of deregulation. C) feedback effect.
Q6. According to the theory of contestable markets, Andrews’ proposal of deregulation of the industry should produce which of the following outcomes? A) An increase in market efficiency due to lower barriers to entry and exit. B) A short-term increase in the level of quality of service because of increased competition. C) Unemployment rates will fall as new job openings are created in the industry.
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发表于 2009-1-7 15:10
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