Which of the Following Is an Example of Rent Seeking

question 176

Multiple Choice

Which of the following is an example of rent seeking behavior?

• A)Apple earned large profits from the development and sale of the iPhone.
• B)Amazon introduced the Kindle to compete with Sony's Digital Reader. Amazon was motivated by the desire to earn profits from the Kindle but also increased the choice of digital music players available to consumers.
• C)U.S. sugar firms convinced Congress to impose a quota on imports of sugar.
• D)Recent increases in cigarette taxes faced little opposition from voters, many of whom were rationally ignorant with respect to the tax.

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Definitions:

Pedal Pulses

Pulses that can be felt at the top of the feet, which are used to assess the arterial flow to the lower extremities.

Bilateral Equality

Refers to the concept of equal distribution or mirroring of rights, responsibilities, and conditions between two parties or sides.

Pulse Rhythm

The pattern of the pulsations of the heart as felt through the walls of arteries, indicating the heart rate and regularity.

Apical Pulse

The heartbeat measured at the apex of the heart, typically detected through a stethoscope placed on the chest.