« previous next »

Author Question: The welfare costs of rent seeking will approximate _____. a. the value of the resources expended ... (Read 86 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?

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?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

The human body produces and destroys 15 million blood cells every second.

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?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Processing—Mineral Resources Processing—Mineral Resources
In 1885 masked Nebraskans seeking access to water posed for photographer S. D. Butcher, who captione In 1885 masked Nebraskans seeking access to water posed for photographer S. D. Butcher, who captione
Should We Prolong Life at all Costs? Should We Prolong Life at all Costs?
Tuition Costs Tuition Costs
A(n) _____ is a spur-of-the-moment question. Fill in the blank(s) with correct word A(n) _____ is a spur-of-the-moment question. Fill in the blank(s) with correct word
Sadie is going to see a movie and is taking her four kids. each movie ticket costs $15 and ... Sadie is going to see a movie and is taking her four kids. each movie ticket costs $15 and ...
Video: Bone tissue types - compact and spongy

For a complete list of videos, visit our video library