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2 months ago

Question 1.

Economists often analyze the interaction of individuals and firms in markets. Economists also examine the actions of individuals and firms as they attempt to use government to make themselves better off at the expense of others, a process that is referred to as

• rent seeking.

• logrolling.

• government failure.

• the public choice initiative.

Question 2.

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

• examples of rent seeking.

• illegal.

• the result of the voting paradox.

• irrational because elected officials will almost always act in the interest of the voters who have to pay the cost of the legislation.
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Microeconomics
Edition: 7th
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wrote...
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Answer 1

rent seeking.

Answer 2

examples of rent seeking.
1
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