Steel producers lobbying to keep imports out is an example of:
A. objective cost-benefit analysis.
B. rational ignorance.
C. rent-seeking behavior.
D. corruption.
Answer: C
Economics
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Refer to the scenario above. If Frank discounts delayed utilities with a weight of 9/10, then which of the following statements is true?
A) He will eat both hotdogs and ice cream. B) He will eat hotdogs but avoid ice cream. C) He will eat ice cream but avoid hotdogs. D) He will avoid consuming both hotdogs and ice cream.
Economics
Black markets only exist in developing nations
Indicate whether the statement is true or false
Economics