Some Individuals Seek to Use Government Action to Make Themselves

question 188

Multiple Choice

Some individuals seek to use government action to make themselves better off at the expense of others.The actions of these individuals

• A)are examples of fraud; but these individuals usually avoid prosecution because of logrolling and rational ignorance.
• B)are examples of rent seeking.
• C)offer proof that Adam Smith's "invisible hand" is not valid.
• D)are evidence of the voting paradox.

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Definitions:

Third Party Intended Beneficiary

A person or entity that, while not a party to a contract, is intended by the contracting parties to benefit from its performance.

Academic Performance

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Romantic Relationships

Emotional and physical bonds between two people characterized by feelings of love, commitment, and intimacy.

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