Asked by
Beulah Ebiai
on Nov 05, 2024
Verified
The National Rifle Association (NRA) lobbies aggressively for the interests of gun owners. For example, the NRA has been instrumental in passing conceal-and-carry laws in several states. Such behavior on the part of NRA is called
A) government failure.
B) discrimination.
C) consumer loss.
D) rent-seeking behavior.
Rent-seeking Behavior
Actions by individuals or firms to increase their own wealth without creating new wealth or value, often through manipulating the social or political environment.
- Identify and explain rent-seeking behavior and its implications on economic efficiency.
Verified Answer
KD
Learning Objectives
- Identify and explain rent-seeking behavior and its implications on economic efficiency.
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