Which of the Following Explains Why Big Business Typically Spends

question 74

Multiple Choice

Which of the following explains why big business typically spends more on rent-seeking activities than consumers?

• A) Lobbying is a public good to consumers.
• B) Lobbying is a public good to businesses.
• C) Labor unions in the involved firms.
• D) Lobbying is a public good to businesses and labor unions in the involved firms.

---

Definitions:

Morality

Principles concerning the distinction between right and wrong or good and bad behavior.

Practical Ways

Effective and feasible methods or strategies that can be applied to solve real-world problems or accomplish tasks.

Id's Drives

Psychoanalytic concept referring to the instinctual, unconscious drives and desires that seek immediate satisfaction according to the pleasure principle.

Socially Acceptable

Behaviors or norms that are considered appropriate and within the bounds of respectability within a society or community.