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Author Question: How does the textbook define the term rent? a. charging an interest group for knowledge one has ... (Read 40 times)

Kthamas

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on: Jul 10, 2018
How does the textbook define the term rent?
 
  a. charging an interest group for knowledge one has gained while working in the government
  b. benefits that are offered to members of an interest group
  c. giving or offering anything of value in an effort to influence government officials
  d. payment for a good beyond the marginal cost of its production and supply

Question 2

Consider the Who's Getting What? box. Which of the following is an example of rent seeking?
 
  a. a farm organization lobbying for subsidies on agricultural commodities
  b. an environmental organization lobbying for clean air legislation
  c. a union taking part in contract negotiations
  d. a civil rights organization holding a demonstration


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shoemake

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Reply #1 on: Jul 10, 2018
Answer to Question 1

Answer: d

Answer to Question 2

Answer: a


Kthamas

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Reply #2 on: Jul 10, 2018
Thank you


shoemake

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Reply #3 on: Jul 10, 2018
No problemo


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