Rent seekers are those who _____
A) support legislation that transfers income to them only when the economy does not suffer.
B) secure special favors from the government.
C) reap the benefits of legislation but prefer to remain rationally ignorant.
D) convert private resources into public resources.
E) aim to make the economy more efficient.
Correct Answer:
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Q77: The hiring of a brilliant tax lawyer
Q107: Exhibit 16.5 Q108: Special-interest groups _ Q109: Exhibit 16.5 Q110: Payments higher than necessary to call forth Q111: Which of the following is true of Q113: Resources employed to persuade government to redistribute Q114: The total welfare cost of a monopoly Q116: Lawyers who are able to change product Q117: Exhibit 16.4 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)increase inefficiency through poor allocation
