Rent seeking:
A. results in more negative externalities.
B. involves lobbyists influencing government policies to benefit their interests.
C. results in less market share for the rent seekers.
D. None of the statements are correct.
Answer: B
You might also like to view...
What determines the supply of a nonrenewable natural resource?
What will be an ideal response?
In the winter of 2001-2002, Argentina's overvalued currency reflected a(n)
a. balance of payments surplus. b. balance of payments deficit. c. surplus of exports over imports. d. excess demand for Thai currency.
Use the following table to answer the next question.YearReal GDPPopulation2008$20,000200200940,000400201060,000400201170,000500Real GDP per capita ________ between 2009 and 2010.
A. decreases B. remains constant C. increases D. cannot be calculated
Refer to the table shown, which shows the demand schedule for a product sold by a monopolist. Marginal revenue is positive:Price of product($)Quantity demanded per year$143$124$105$86$67
A. when price is $10. B. when price is below $10. C. when price is above $10. D. for every price.