Society as a whole is made worse off by rent seeking behavior by producers

A social system in which rights are clearly defined and participants are free to exchange as they choose will tend to allocate resources to

A) their most efficient uses. B) their most highly valued uses. C) uses on which the highest monetary value is placed. D) uses which maximize social welfare. E) uses which produce the greatest good for the greatest member.

In the U.S. during the late 1800s and early 1900s, investment banks:

a. emerged to serve the expansion of railroads, mining companies and large manufacturers. b. issued bank notes. c. competed with state and national banks for deposits. d. were required by law to maintain a minimum reserve ratio. e. All of the above.