In the context of rent seeking,rents refer to _____.
A) payments made to factors of production for private benefit that do not add anything to social output.
B) payments made to politicians for private benefit that do not add anything to gross domestic product
C) payments made to factors of production for private benefit that add to social output
D) payments made to third parties to find opportunities for lobbying
Correct Answer:
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Q1: Equilibrium in the market for special interest
Q2: If rent seeking was,on average,a losing proposition,_.
A)rent
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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