Which of the following is an example of rent seeking?
a. Enrique offers large donations to politicians if they promise to support his causes.
b. Gennifer donates small amounts to many politicians throughout the year.
c. Christa regularly writes letters to her representatives urging them to support certain policies.
d. Martin makes a large donation to a special interest group whose work he admires.
a. Enrique offers large donations to politicians if they promise to support his causes.
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The area of economic profit shown in the above figure for the single-price monopolist is
A) bed. B) P3P5fc. C) 0P5fQ1. D) 0P4eQ3.
The rate of return of a stock held for one year equals
A) the change in the price of the stock. B) the dividend yield plus the rate of capital gain. C) the rate of capital gain minus the dividend yield. D) the dividend yield minus the rate of capital gain.
Interest rates rising and falling by a wide range on a regular basis often are an indication of
A. seasonal unemployment. B. economic instability. C. flexible capital. D. price equilibrium.
M2 consists of M1 plus savings deposits, small time deposits, money market mutual funds, and a few minor categories.
Answer the following statement true (T) or false (F)