« previous next »

Author Question: The welfare costs of rent seeking will approximate _____. a. the value of the resources expended ... (Read 20 times)

lbcchick

  • Hero Member
  • *****
  • Posts: 550
on: Jul 1, 2018
The welfare costs of rent seeking will approximate _____.
 
  a. the value of the resources expended in lobbying
  b. the deadweight loss of taxation
  c. the value of the rent-seeking benefits
   d. zero if political markets are perfectly competitive

Question 2

The Laffer Curve demonstrates that _____.
 
  a. at some level of tax rates, tax revenues decline
  b. there is no relationship between tax rates and tax revenue
  c. there is no relationship between tax rates and labor supply
   d. at some level of tax rates, labor supply declines


Swizqar

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Processing—Mineral Resources Processing—Mineral Resources
Percentages of adolescents indicating Benefits and Costs of employment. Percentages of adolescents indicating Benefits and Costs of employment.
Metric bolt (cap screw) grade markings and approximate tensile strength. Metric bolt (cap screw) grade markings and approximate tensile strength.
Selective Resources for Pharmacology Selective Resources for Pharmacology
How to approximate the area of a function using midpoints How to approximate the area of a function using midpoints
Sensation-seeking and risky behaviours may help teens achieve peer acceptance Sensation-seeking and risky behaviours may help teens achieve peer acceptance
Video: Leukemia

For a complete list of videos, visit our video library