Individuals Who Spend Resources to Influence Public Policy in a Way

question 47

Multiple Choice

Individuals who spend resources to influence public policy in a way that will redistribute income to themselves are

• A)stabilizing the economy.
• B)rent seeking.
• C)engaging in collusion.
• D)minimizing explicit costs.

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Definitions:

Deposition

A pretrial sworn and recorded testimony of a witness that is acquired out of court with no judge present.

Court Reporter

A professional responsible for creating verbatim transcriptions of legal proceedings, trials, and other legal events.

Alternative Dispute Resolution

A process to resolve disputes outside of court, including arbitration and mediation.

Mediation

A process where a neutral third party helps disputing parties reach a voluntary, negotiated agreement.