Attempts by Professional Lobbyists in Ottawa to Influence the Government's

question 55

Multiple Choice

Attempts by professional lobbyists in Ottawa to influence the government's subsidy to the shipbuilding industry,even when such a subsidy is not in the national interest,represents

• A)an inefficient public choice.
• B)the government acting like a monopolist.
• C)rent seeking.
• D)an externality.
• E)asymmetric information.

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Definitions:

Consent Order

A statement in which a company agrees to stop disputed behavior but does not admit that it broke the law.

Federal Trade Commission

An independent agency of the United States government, established in 1914 to prevent unfair business practices and to protect consumers.

Illegal Behavior

Actions or activities that are forbidden by law and subject to criminal penalties or fines.

Half-Truth

Information that is true but is not complete.