Asked by
Jatayjah Vital
on Dec 11, 2024
Verified
When the government is heavily involved in projects that provide benefits to some businesses at the expense of others, this will increase the incentive of businesses to
A) develop better products in order to satisfy consumers.
B) invest in projects that increase the value of the resources.
C) spend more time lobbying and seeking government favors.
D) spend less time lobbying and seeking government favors.
Government Favors
Special advantages, privileges, or concessions given by the government to certain businesses, industries, or sectors.
Better Products
Goods that are of higher quality or more desirable compared to others available in the market.
Lobbying
The act of influencing decisions made by officials in the government, often practiced by special interest groups or individuals.
- Examine the effects of governmental participation in supporting specific industries or sectors, with an emphasis on the rise in lobbying and rent-seeking behaviors.
Verified Answer
GS
Learning Objectives
- Examine the effects of governmental participation in supporting specific industries or sectors, with an emphasis on the rise in lobbying and rent-seeking behaviors.