Which of the Following Is Descriptive of Rent-Seeking

question 154

Multiple Choice

Which of the following is descriptive of rent-seeking?

• A)A domestic company hires a lobbyist to go to Washington, D.C. and try to influence legislators to impose tariffs on Brazilian (imported)goods that compete with the good it produces.
• B)Company X hires an accountant to work for it.
• C)Jill pays her apartment rent a few days late each month and usually ends up having to pay a late fee.
• D)This year Bob earned a large profit from the small business he owns and operates.

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Definitions:

Instrumentality

The perceived relationship between performance and the attainment of certain outcomes, key to understanding motivation in expectancy theory.

Expectancy

In the context of motivation, expectancy refers to an individual's belief that a particular effort will lead to a desired performance level.

Valence

In motivation theory, the value an individual places on the expected outcome of a particular course of action.

Employee Turnover

The rate at which employees leave a company and are replaced by new employees over a certain period.