Which of the following activities is most likely to be considered rent seeking?
A)Buying an apartment building
B)Hiring a lobbyist
C)Voting for a politician who supports government spending
D)Buying common stock

Question

Quizplus · Accepted Answer

Rent seeking refers to the pursuit of profit or resources through means other than creating new wealth or through trade. Hiring a lobbyist is an activity often associated with rent seeking, as it involves attempting to influence government policy and regulations in order to gain an advantage or financial benefit. Buying an apartment building, voting for a politician who supports government spending, and buying common stock are all economic activities that involve creating new wealth or engaging in trade, and are not typically considered rent seeking.

Which of the Following Activities Is Most Likely to Be