When considering rent seeking, which of the following is TRUE?

Question

Quizplus · Accepted Answer

Rent seeking refers to efforts by individuals or groups to use the government to receive special treatment or privileges that will benefit them at the expense of others in society. In the case of free trade, rent seekers may lobby for protective tariffs or other trade barriers that restrict competition and create advantages for certain industries or businesses. Generally, those who benefit from these trade barriers will lobby more than those who are hurt by them. Therefore, the anti-free trade group, which seeks trade barriers, will generally lobby more than the pro-free trade group, which seeks the elimination of trade barriers.

When Considering Rent Seeking, Which of the Following Is TRUE