Rent-seeking behavior creates:
A. waste and inefficiency.
B. waste, but is efficient.
C. inefficiencies, but not waste.
D. efficiency without waste.
A. waste and inefficiency.
Economics
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A reserve requirement of 50 percent means a money multiplier of: a. 0.50. b. 2
c. 5. d. 50.
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Which of the following groups would most likely to benefit from inflation?
a. borrowers b. lenders c. creditors d. pensioners
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Evaluate the following statement, "Warren Buffet is the second richest person in the world. He doesn't face any constraint on his ability to purchase commodities he wants."
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What makes someone an entrepreneur?
What will be an ideal response?
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