|
Title: Which of the following statements about rent seeking is false? Post by: barry1999 on Feb 28, 2019 Which of the following statements about rent seeking is false?
• Rent seeking often involves governments because governments transfer huge amounts of funds that economic agents must compete for. • A person is engaging in rent-seeking behavior when he uses the political process to acquire ownership of a resource that belongs to the public. • Because rent seeking redistributes society's resources, anyone engaging in such behavior is violating the law. • If a firm can benefit from government intervention in the economy, it is more likely to spend resources attempting to secure this intervention than toward innovating its product to gain a competitive edge in the market. Title: Which of the following statements about rent seeking is false? Post by: tlaster on Feb 28, 2019 Content hidden
Title: Which of the following statements about rent seeking is false? Post by: barry1999 on Feb 28, 2019 Brilliant
|