Which of the Following Would Be an Example of Rent-Seeking

question 34

Multiple Choice

Which of the following would be an example of rent-seeking?

• A)arresting opponents of those in power, but not killing them
• B)providing cash payments to influential industry leaders in return for political support
• C)giving control of a nationalized industry to supporters of those in power
• D)power sharing between labor and the military in a nondemocratic regime
• E)nationalizing a previously private utility and keeping it under tight state control

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Definitions:

Excavation

The process of removing soil, rock, or other materials from a site to form a hole, cavity, or to uncover something buried.

Preexisting Legal Obligation

An obligation that existed before the current situation or agreement, which may affect the validity of a new contract.

Outputs Contract

An agreement in which the seller agrees to sell all of the production at its facility to a buyer, who agrees to purchase it, often used in industrial or farming contexts.

Oral Modify

The act of making changes or amendments to an existing contract through spoken agreement, as opposed to written modifications.