All of the following might be considered rent-seeking behavior by firms, except one. Which is the exception?
a. bribes to government officials
b. money spent on lobbying government officials
c. advertisements describing the firm's position on an issue under legislative review
d. money spent on advertising for new products
e. time spent testifying before state and federal committees
D
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Referring to Figure 19.1, U.S. goods will become more expensive in Mexico if the exchange rate goes from ________ to ________ pesos to the dollar
A) 13; 11 B) 12; 13 C) 12; 11 D) 14; 10
Refer to the figure above. The consumer surplus before the tax is imposed is given by the area ________
A) BCJ B) BAH C) CAE D) JBHF
A business cycle trough is a
A) small positive deviation from trend in real GDP. B) relatively large positive deviation from trend in real GDP. C) small negative deviation from trend in real GDP. D) relatively large negative deviation from trend in real GDP.
The low interest rates that prevailed after 1942 made World War II (1941–45) financing problems fundamentally the same as World War I (1914–18)
Indicate whether the statement is true or false