This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the context of rent seeking, rents refer to _____. a. payments made to factors of production ... (Read 88 times)

Themember4

  • Hero Member
  • *****
  • Posts: 538
on: Jul 1, 2018
In the context of rent seeking, rents refer to _____.
 
  a. payments made to factors of production for private benefit that do not add anything to social output.
  b. payments made to politicians for private benefit that do not add anything to gross domestic product
  c. payments made to factors of production for private benefit that add to social output
   d. payments made to third parties to find opportunities for lobbying

Question 2

If Bobby thinks that leisure is an inferior good, then his labor supply curve
 
  A) is backward bending.
  B) is always negatively sloped.
  C) is always positively sloped.
  D) does not exist.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mjenn52

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

C


Themember4

  • Hero Member
  • *****
  • Posts: 538
Reply #2 on: Jul 1, 2018
Thank you


mjenn52

  • Sr. Member
  • ****
  • Posts: 351
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Environmental factors restricting the distribution of Chthamalus to the upper intertidal zone. Environmental factors restricting the distribution of Chthamalus to the upper intertidal zone.
Dred Scott and his wife and children are featured on the cover of Frank Leslie’s Illustrated Newspap Dred Scott and his wife and children are featured on the cover of Frank Leslie’s Illustrated Newspap
Hematopoietic Growth Factors Hematopoietic Growth Factors
Beverages Made Over Better Beverages Made Over Better
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Satellite data showing net primary production. Productivity is coded as red (highest) down through o Satellite data showing net primary production. Productivity is coded as red (highest) down through o
Video: Segmentation and migrating motility complexes & Gastroileal reflex

For a complete list of videos, visit our video library