Rent-seeking behavior results in a. increased economic activity ...

[storky111]

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.

[Ksh22]

Answer to Question 1

B

Answer to Question 2

c

[storky111]

Thanks for the timely response, appreciate it

[Alyson.hiatt@yahoo.com]

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