Multiple Choice
The owner of a garage makes large contributions to a politician who is seeking the office of state governor.If his candidate wins, he will get the contract, which now resides with a competitor, to repair State Police vehicles.This is an example of
A) moral hazard.
B) externality.
C) rent seeking.
D) investment.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: The opportunity cost of postponing income to
Q5: National defense and coastal lighthouses are examples
Q6: Unscrupulous managers have learned ways to manipulate
Q7: It is efficient to increase the output
Q8: Some would cite the purchase of defective
Q10: The supply of public goods must be
Q11: The Rand Corporation estimates that external costs
Q12: What is the meaning of "a defective
Q13: Private goods are not excludable.
Q14: Rent seeking refers to unproductive activity in