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

You might also like to view...

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