Author Question: Rent-seeking behavior results in a. increased economic activity by promoting efficiency. b. lower ... (Read 71 times)

storky111 · **on:** Jul 1, 2018

Rent-seeking behavior results in
a. increased economic activity by promoting efficiency.
b. lower economic activity by diverting resource to less-productive uses.
c. a more equitable distribution of income and wealth.
d. lower prices throughout the economy.
e. greater income and wealth in the private sector.

Question 2

An increase in quantity demanded is represented by
a. a shift outward of the entire demand curve.
b. a shift inward of the entire demand curve.
c. a movement along the demand curve in a southeasterly direction in response to a decline in the good's price.
d. a movement along the demand curve in a northwesterly direction in response to a decline in the good's price.