Examlex
Which of the following did Universalists believe?
Rent Seeker
An individual or entity that seeks to increase their own wealth without creating new wealth, often by exploiting control over resources or manipulating regulations.
Rent-seeking Behavior
Activities aimed at increasing one’s share of existing wealth without creating new wealth, often through manipulation or exploitation of the economic environment.
Gasoline Price Supports
Governmental interventions aimed at stabilizing or raising the market price of gasoline through mechanisms like subsidies, taxes, or setting minimum prices to benefit producers.
Deadweight Loss
An economic inefficiency that occurs when the equilibrium for a good or service is not achieved, leading to a loss of economic value.
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