Examlex
Which of the following did Riesen not see in his dark-reared cats?
Rent-seeking
The practice of gaining wealth without creating new wealth, typically through manipulating the social or political environment in which economic activities occur.
Short-sightedness Effect
The tendency of decision makers to prioritize immediate benefits at the expense of long-term gains.
Externalities
Costs or benefits that affect a party who did not choose to incur those costs or benefits, often leading to market failure if unaddressed by policy.
Rent-seeking Activities
Efforts to increase one’s share of existing wealth without creating new wealth, often through manipulation of the economic environment.
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