When the government is heavily involved in the regulation of business activity, entrepreneurs will be encourage to spend more time and resources on
A) research and the development of better products.
B) keeping their production costs low.
C) rent seeking.
D) productive activities and less on political lobbying.

Question

Quizplus · Accepted Answer

When the government is heavily involved in regulation, entrepreneurs may focus on rent-seeking, which involves trying to gain advantages through political lobbying and manipulation rather than through productive activities.

When the Government Is Heavily Involved in the Regulation of Business