Rent seeking refers to

a. what landlords do
b. looking for an apartment
c. capturing the economic results of government-created scarcity
d. all profit-making activity
e. all of the above

C

Economics

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The First World is made up of communist nations

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

Economics

The benefits of economic growth are ________, while the costs of economic growth are ________.

A. increased output per person; too small for concern B. more current consumption; less future consumption C. increased output per person; less future consumption D. increased output per person; the consumption sacrificed in exchange for capital formation

Economics