Rent seeking reduces our economy\'s overall efficiency by: A. Getting government

Question

Rent seeking reduces our economy's overall efficiency by: A. Getting government to adopt legislation that actually reduces production B. Disseminating market information C. Lowering taxes D. Getting voters more interested in politics E. Reducing equity Rent seeking reduces our economy's overall efficiency by: A. Getting government to adopt legislation that actually reduces production B. Disseminating market information C. Lowering taxes D. Getting voters more interested in politics E. Reducing equity A. Getting government to adopt legislation that actually reduces production B. Disseminating market information C. Lowering taxes D. Getting voters more interested in politics E. Reducing equity

Explanation / Answer

Answer

A. Getting the government to adopt legislation that actually reduces production

the Rent seeking is a behavior to earn economic rent by manipulating the economic or political environment in the economy which is done by reducing output and charging higher prices.

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