Author Question: The welfare costs of rent seeking will approximate _____. a. the value of the resources expended ... (Read 81 times)

lbcchick

  • Hero Member
  • *****
  • Posts: 550
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
Answer to Question 1

c

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

For a complete list of videos, visit our video library