Rent seeking is best defined as attempts
A) by landlords to get tenants.
B) to achieve monopoly power and the resulting economic profit.
C) by individuals to avoid paying taxes.
D) by owners of a monopoly to sell the firm.
B
You might also like to view...
Cost-reduction generates
a. Increases in long-run profitability b. Increases in long-run profitability only if the cost reduction is difficult to imitate c. Decreases in long run profitability d. No change in profitability
Sven has a comparative advantage over Alice in cooking but not in doing the laundry. Which of the following must be true?
a. Sven must have an absolute advantage in both cooking and doing the laundry. b. Sven has a lower opportunity cost in doing the laundry. c. Sven has an absolute advantage in doing the laundry. d. Alice must have an absolute advantage in cooking. e. Sven must have a lower opportunity cost than Alice for cooking.
If a country changes its corporate tax laws so that foreign businesses build and manage more business in that country, then the net capital outflow of that country
a. and the net capital outflow of other countries rise. b. rises and the net capital outflow of other countries fall. c. falls and the net capital outflow of other countries rise. d. None of the above are correct.
Describe the audit method of detecting discrimination
What will be an ideal response?