The hiring of a brilliant tax lawyer by a firm that wants to find tax loopholes
A) encourages economic efficiency by moving resources away from the government into the private sector
B) encourages economic efficiency only if the firm's profit increases
C) is an example of economic inefficiency caused by devoting resources to wealth redistribution rather than to production
D) involves the firm in a zero-sum game against other firms
E) involves the firm in a zero-sum game against the government
Correct Answer:
Verified
Q72: Rent seeking
A)is the attempt to find apartments
Q73: Special-interest groups have little incentive to
A)earn profits
B)redistribute
Q74: If a market is initially operating competitively
Q75: A lobbyist for the coal industry asks
Q76: The purpose of a political action committee
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