What Are Rent-Seekers

question 25

Multiple Choice

What are rent-seekers?

• A) migrants from rural areas who cannot find housing in urban areas
• B) firms that seek to extract monopoly rents by producing at low costs and selling at high prices
• C) usually poor residents in rural areas who demand land reform
• D) firms that use the government to extract savings from rural areas to fund production

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Definitions:

Mum Effect

The reluctance to communicate unfavorable news or feedback due to the fear of causing discomfort or facing negative repercussions.

Sender

The person or entity that initiates a message or communication.

Conscientious

Describes a person who is diligent, careful, and committed to doing their work or duties well.

Extraverted

Describing someone who is outgoing, socially confident, and thrives on interaction with others.