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Biraj Biraj
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5 years ago

Question 1.

The National Rifle Association (NRA) lobbies aggressively for the interests of gun owners. For example, the NRA has been instrumental in passing conceal-and-carry laws in several states. Such behavior on the part of NRA is called



▸ government failure.

▸ discrimination.

▸ consumer loss.

▸ rent-seeking behavior.

Question 2.

We know government failure as the notion that ________ becomes the tool of ________ and makes the allocation of resources even less efficient than before, and this is described in public choice theory.



▸ the public; the government

▸ government; the rent seeker

▸ government; barriers to entry

▸ a natural monopoly; the government
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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Steve T.Steve T.
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Biraj Author
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5 years ago
This site is awesome!
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5 years ago
Slight Smile Good luck on the rest
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