When considering rent seeking, which of the following is TRUE?
A. The anti-free trade group generally will lobby more than the pro -free trade group.
B. The pro-free trade group generally will lobby more than the anti -free trade group.
C. Usually only the anti-free trade group is concerned about what is best for society at large.
D. Only the pro-free trade group is concerned about the governmentʹs revenue from tariffs.
Answer:A
When considering rent seeking, which of the following is TRUE?
A. The anti-free trade group generally will lobby more than the pro -free trade group. B. The pro-free trade group generally will lobby more than the anti -free trade group. C. Usually only the anti-free trade group is concerned about what is best for society at large. D. Only the pro-free trade group is concerned about the governmentʹs revenue from tariffs.