Attempts to lobby the government for private gain are referred to by the text as
A)Corruption
B)Graft
C)Rent-seeking
D)Collective agreements

Question

Quizplus · Accepted Answer

Rent-seeking refers to attempts to influence the government to create economic policies that will benefit a particular individual or group at the expense of others. It involves seeking to obtain economic rent (i.e. excess profits) through political influence rather than through investment or innovation. Therefore, C is the correct answer. Corruption and graft are similar in that they involve illegal or unethical practices for personal gain, but they may not necessarily involve the government. Collective agreements typically refer to negotiations between employers and workers for better working conditions and wages, and do not necessarily involve lobbying the government.

Attempts to Lobby the Government for Private Gain Are Referred