Which of the following groups is engaging in rent seeking?
a. Karst Salvage, a non-profit that accepts donations to educate people about the importance of caves
b. Safer Rides, a group that lobbies elected officials to get safety features added to cars
c. Daring Drones, a group that makes donations to officials hoping to get permits to fly in restricted areas
d. Long-time Logging, which donates money to campaigns of politicians who promise to help preserve forests
c. Daring Drones, a group that makes donations to officials hoping to get permits to fly in restricted areas
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Which of the following is NOT an investment in human capital?
A) A business student takes a seminar in using a laptop computer. B) A student purchases a laptop computer. C) A computer science student learns how to repair a laptop computer. D) A computer science student takes a course on programming a laptop computer.
If velocity is more stable than the IS curve, then targeting the money supply
a. will be effective in stabilizing the LM curve and interest rates. b. has the same effects as targeting interest rates. c. will be less effective in stabilizing aggregate demand than targeting interest rates. d. is not possible.