Benefits granted to powerful special interest groups in return for political support are known as rents.

Question

Quizplus · Accepted Answer

This statement accurately describes what is known as rent-seeking behavior, in which special interest groups use their political influence to secure benefits or favors from the government at the expense of the broader public. These benefits or favors may take the form of subsidies, tax breaks, regulatory exemptions, or other forms of special treatment that confer economic advantage on the rent-seekers.

Benefits Granted to Powerful Special Interest Groups in Return for Political