All of the following might be considered rent-seeking behavior by firms, except one. Which is the exception?
a. bribes to government officials
b. money spent on lobbying government officials
c. advertisements describing the firm's position on an issue under legislative review
d. money spent on advertising for new products
e. time spent testifying before state and federal committees
D
Economics
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What does the slope of the budget line equal?
What will be an ideal response?
Economics
A permanent increase in income leads to
A) a small increase in current consumption. B) a large increase in current consumption. C) a small decrease in future consumption. D) a large decrease in future consumption.
Economics