Equilibrium in the market for special interest benefits is determined where _____.
A) the marginal cost of lobbying politicians is equal to the marginal benefits received from government
B) the marginal political opposition is equal to the marginal political support
C) the marginal price of a vote for a program is equal to the marginal benefit of that additional vote
D) the marginal price of regulation is equal to the marginal benefit from that regulation
Correct Answer:
Verified
Q2: If rent seeking was,on average,a losing proposition,_.
A)rent
Q3: In the context of rent seeking,rents refer
Q4: The managers of government bureaucracies have an
Q5: Which of the following statements is an
Q6: The geographic organization of the U.S.Congress into
Q7: In most elections,_ impedes political exchange
A)low transactions
Q8: Which of the following is not an
Q9: _ is the exchange of political support
Q10: The fact that interest groups exist on
Q11: The welfare costs of rent seeking will
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