Resources employed to persuade government to redistribute income and wealth to special interests are _____
A) unproductive, because they do nothing to increase total output and usually end up reducing it.
B) productive, as they are required to increase total output.
C) efficient, as the marginal cost of producing a unit exceeds the marginal benefit to society.
D) inefficient, because the distribution of resources among alternative uses does not match consumer taste.
E) unproductive, because they raise the price level in an economy.
Correct Answer:
Verified
Q77: The hiring of a brilliant tax lawyer
Q108: Special-interest groups _
A)increase inefficiency through poor allocation
Q109: Exhibit 16.5 Q110: Payments higher than necessary to call forth Q111: Which of the following is true of Q112: Rent seekers are those who _ Q114: The total welfare cost of a monopoly Q116: Lawyers who are able to change product Q117: Exhibit 16.4 Q118: Special-interest groups have little incentive to _
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A)support legislation
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A)earn
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