Rent-Seeking Behavior in Public Choice Theory Refers to

question 37

Multiple Choice

Rent-seeking behavior in public choice theory refers to

• A) politicians trading votes with one another.
• B) politicians receiving perks and freebies from businesses trying to sway their votes.
• C) specific groups appealing to government for special benefits at someone else's expense.
• D) politicians getting low rent for their living quarters when government is in session.

---

Definitions:

Stakeholders

Individuals or groups that have an interest, stake, or investment in a company and can either affect or be affected by the business’s actions, objectives, and policies.

Shareholders

Individuals or entities that legally own one or more shares of stock in a joint-stock company.

Consumers

Individuals who purchase goods and services for personal use.

Mission Statement

A concise description of a company’s purpose, its goals, and how it serves its stakeholders.