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 85 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?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

The fruits of DNA technology, made possible by bacterial genetics The fruits of DNA technology, made possible by bacterial genetics
Alterable and unalterable risk factors for hypertension. Alterable and unalterable risk factors for hypertension.
Reprogramming Factors in stem cells Reprogramming Factors in stem cells
Selected Factors Affecting the Release of Growth Hormone Selected Factors Affecting the Release of Growth Hormone
Structures of four common types of DNA-binding motifs from eukaryotic transcription factors Structures of four common types of DNA-binding motifs from eukaryotic transcription factors
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: Hershey Chase Experiments

For a complete list of videos, visit our video library