Attempts by professional lobbyists in Ottawa to influence the government's subsidy to the shipbuilding industry,even when such a subsidy is not in the national interest,represents
A)an inefficient public choice.
B)the government acting like a monopolist.
C)rent seeking.
D)an externality.
E)asymmetric information.

Question

Quizplus · Accepted Answer

The attempts by professional lobbyists to influence the government's subsidy to the shipbuilding industry, even when such a subsidy is not in the national interest, represent rent seeking. Rent seeking refers to actions taken by individuals or groups to obtain economic gain through political means, such as lobbying for government subsidies or tax breaks. These actions divert resources away from more productive uses and can be detrimental to the overall economy.

Attempts by Professional Lobbyists in Ottawa to Influence the Government's