If a person is laid off from a job, he is considered by the Bureau of Labor Statistics to be a

An example of rent seeking is

a. lobbying by industrial groups. b. lawsuits between rival firms. c. battles over exclusive licenses. d. All of the above are correct.

Which of the following statements is not correct?

a. Medical research can be an example of a public good. b. The private market will tend to undersupply public goods. c. The free-rider problem occurs when a good is nonexcludable. d. All goods provided by the government are public goods.