Which of the following is true?
a. The incentives to engage in rent-seeking activities increase with the ease with which the political process can provide personal gain at the expense of others.
b. The amount of resources devoted toward rent seeking generally has no impact on the economic prosperity of a nation.
c. Income transfers directed toward the poor constitute about half of all income transfers in the United States.
d. All of the above are correct.
A
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When people say, "government officials act on the basis of the property rights which they perceive," they mean
A) government officials are inherently conservative. B) government officials do not have to be concerned about information being scarce. C) government officials make decisions based on the expected consequences to themselves. D) government officials will ordinarily not confiscate property without due process of law.
Discuss the BRAC model and evaluate its performance in achieving the goals of economic development? Can this model be replicated in other countries?
What will be an ideal response?