Which of the Following Statements Is True

question 68

Multiple Choice

Which of the following statements is true?

• A)The motivation for rent seeking is not the same as the motivation for profit seeking.
• B)Economic rent is a payment in excess of opportunity cost.
• C)The deadweight loss triangle is not considered the graphic representation of one of the costs of monopoly; instead, it is one of the costs of not having a monopoly.
• D)Rent seeking is almost always an irrational activity as far as the rent seekers are concerned.

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Definitions:

Rapid Advancement

Quick progress or promotion within a professional or organizational context.

Time-Management

The process of organizing and planning how to divide your time between specific activities to increase effectiveness, efficiency, or productivity.

Personal Goals

Personal goals are objectives set by an individual, reflecting their desires, ambitions, and values, aimed at personal growth, development, or achievement.

Law Of Attraction

A belief that positive or negative thoughts bring positive or negative experiences into a person's life.