Rent seeking is one reason why countries choose to
A) work for freer trade.
B) export and import the same goods.
C) restrict trade.
D) follow the theory of comparative advantage.

Question

Quizplus · Accepted Answer

Rent seeking is a concept where entities seek to increase their own wealth without creating new wealth or value, often through manipulating the political environment to gain special advantages, such as trade restrictions, which can protect domestic industries from foreign competition.

Rent Seeking Is One Reason Why Countries Choose to