« previous next »

Author Question: A firm engaging in rent seeking activity A) is breaking the law. B) is willing to spend up to ... (Read 73 times)

olgavictoria

  • Hero Member
  • *****
  • Posts: 528
on: Jul 1, 2018
A firm engaging in rent seeking activity
 
  A) is breaking the law.
  B) is willing to spend up to the gain in producer surplus.
  C) is irrational.
  D) increases societal gain.

Question 2

Rent seeking in the form of lobbying for an increase in import tariffs by domestic producers
 
  A) increases consumer surplus.
  B) increases total welfare.
  C) increases the deadweight loss.
  D) None of the above.


DHRUVSHAH

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Increasing Physical Activity Increasing Physical Activity
The microchip is transforming our lives—the way we shop, spend our leisure, relate to one another, ... The microchip is transforming our lives—the way we shop, spend our leisure, relate to one another, ...
Antiparkinson Drugs Focus on Restoring Dopamine Function and Blocking Cholinergic Activity in the ... Antiparkinson Drugs Focus on Restoring Dopamine Function and Blocking Cholinergic Activity in the ...
Four methods of recording electrical activity of the nervous system. Four methods of recording electrical activity of the nervous system.
Dog Temperament Activity Dog Temperament Activity
Classical-Conditioning Activity Classical-Conditioning Activity
Video: Michaelis–Menten equation & Kinetic parameters

For a complete list of videos, visit our video library