The cost of the resources used by domestic producer groups,including lobbying fees,propaganda,and legal restrictions,is collectively referred to as the cost of:

Question

Quizplus · Accepted Answer

The cost of resources used by domestic producer groups such as lobbying fees, propaganda, and legal restrictions, leads to rent-seeking behavior where they extract economic profit from the society without creating any economic value. Hence, the cost is referred to as rent-seeking cost.

The Cost of the Resources Used by Domestic Producer Groups,including