Multiple Choice
Economists often analyse the interaction of individuals and firms in markets.Economists also examine the actions of individuals and firms as they attempt to use government to make themselves better off at the expense of others, a process that is referred to as
A) rent seeking.
B) logrolling.
C) government failure.
D) the public choice initiative.
Correct Answer:

Verified
Correct Answer:
Verified
Q57: Adverse selection is a situation in which
Q75: Consider a used car market in which
Q104: An example, from the list below, of
Q107: Rent-seeking behaviour, unlike profit maximising behaviour in
Q109: Which of the following is not an
Q111: A key difficulty facing insurance companies is
Q114: Health insurance companies impose deductibles on policies
Q188: Some individuals seek to use government action
Q244: A successful trademark is one that becomes
Q261: Goods differ on the basis of whether