Financial contributions to the campaigns of members of Congress, state legislators, and other elected officials by firms that seek special interest legislation that make the firms better off are
A)examples of rent seeking.
B)illegal.
C)the result of the voting paradox.
D)irrational because elected officials will almost always act in the interest of the voters who have to pay the cost of the legislation.

Question

Quizplus · Accepted Answer

Financial contributions to elected officials by firms seeking special interest legislation can be viewed as a form of rent seeking, as these firms are using their resources to influence the political process and secure economic benefits for themselves. This practice is legal but can be seen as unethical or problematic, as it can distort the democratic process and lead to policies that benefit narrow interests over the common good.

Financial Contributions to the Campaigns of Members of Congress, State