Rent-seeking behavior imposes no costs on society because it is elected officials who actually make public sector decisions

Like the debt of many families, the national debt in 2014 was many times larger than the national income

a. True b. False Indicate whether the statement is true or false

Economic rents

A. accrue only to land. B. accrue only to labor. C. accrue only to entrepreneurs. D. can accrue to any resource.