Which of the Following Government Functions Most Clearly Prevents Rent-Seeking

question 10

Multiple Choice

Which of the following government functions most clearly prevents rent-seeking behavior from leading to a socially inefficient Nash equilibrium?

• A) provision of national defense
• B) operation of Social Security
• C) provision of public education
• D) issuance of patents
• E) establishing municipal rent control on urban apartments

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Definitions:

Instrumental Functions

Tasks and activities aimed at achieving a specific goal or purpose, often related to practical and material aspects of life.

Gun

A weapon incorporating a metal tube from which bullets, shells, or other missiles are propelled by explosive force.

Subtle Method

A technique or approach that is delicately complex and not immediately obvious or overt.

Property Crime

Crimes that involve the taking of property without force or threat of force against the victim.