Lobbying the government to place harsh tariffs on imports is a form of
A) beneficial competition.
B) market failure.
C) deregulation.
D) rent seeking.
E) natural monopoly.

Question

Quizplus · Accepted Answer

Lobbying the government to place harsh tariffs on imports is an example of rent-seeking behavior, where a group or individual seeks to gain benefits from the government's policies or actions. This may lead to policies that are harmful to consumers and may result in market inefficiencies.

Lobbying the Government to Place Harsh Tariffs on Imports Is