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AfilCa [17]
3 years ago
6

Suppose lawyers seek legislation to limit the use of computer software that enables people to use their personal computers to se

lf-prepare their own wills, trusts, and other legal documents. This is an example of:________
a. logrolling

b. the principal-agent problem

c. rent-seeking behavior

d. limited and bundled choices
Business
1 answer:
Harman [31]3 years ago
6 0

Answer:

c. rent-seeking behavior

Explanation:

In economics, rent-seeking behavior can be described as a behavior or conduct that tries to increase the share of an economic agent or an entity from the existing wealth without adding or creating new wealth. This implies that the entity aims to obtain added wealth without creating a new one.

From the question, the aim of the lawyers is mainly to increase their own wealth in terms of legal fees they will collect from preparing wills, trusts, and other legal documents when they prepare them for people when a law restrict people from self-preparing it using their personal computers. In turn, the lawyers will only increase their share of wealth without adding any wealth.

Therefore, this is an example of rent-seeking behavior.

You might be interested in
Roles of private sectors in tourism in Africa
larisa [96]

The roles of private sectors in tourism in Africa include the following:

  1. Investing in the tourism sector with time and money.
  2. Reducing trips to destinations outside of Africa.
  3. Identifying holiday centers and attractive sites
  4. Developing beaches.
  5. Promoting tourist products through Social Media.
  6. Encouraging adventure tours.

<h3>What is tourism?</h3>

Tourism is the process of spending time away from your home for the following purposes:

  • Recreation
  • Relaxation
  • Pleasure
  • Using commercial services.

In Africa, tourism centers have been identified in Uganda, Algeria, Egypt, South Africa, Kenya, Morocco, Tunisia, Ghana, and Tanzania.

The types of tourism include:

  • Adventure tourism
  • Beach tourism
  • Cultural (food) tourism
  • Ecotourism (experiential tourism)
  • Medical tourism
  • Wildlife tourism.

Thus, the private sectors in Africa have different roles in tourism development.

Learn more about tourism in Africa at brainly.com/question/3079557

6 0
2 years ago
The process in which entrepreneurs test their business models on a small scale before committing serious resources to launch a b
Artist 52 [7]

Answer: Business Prototyping

Explanation:

The business prototyping is one of the concept that helps in understanding all the industrial standard procedural by applying the similar type of method and ideas in the business organization.

In the inventing process it is essential for creating the business prototyping process based on the specific vision.

According to the given question, the business prototyping is used by the entrepreneurs for the purpose of testing the business model before their launch on very small scale.

 Therefore, Business prototyping is the correct answer.  

8 0
3 years ago
Daffodil Company produces two products, Flower and Planter. Flower is a high-volume item totaling 20,000 units annually. Planter
Nastasia [14]

Answer:

Flower: $500,000

Planter: $300,000

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

We distribute the expected cost over the cost driver:

Expected manufacturing overhead: 800,000

Flowe 20,000   1 hour

Planter 6,000    2 hour

Expected direct labor (20,000 + 12,000) 32,000

800,000 / 32,000 = 25

then we aply the rate to the labor hours of each product

Flower: 20,000 x 25 = 500,000

Planter: 12,000 x 25 =  300,000

7 0
3 years ago
Mickey is a 12-year-old dialysis patient. Three times a week for the entire year he and his mother, Sue, drive 20 miles one way
gavmur [86]

Answer:

The right approach will be "$ 1123.2".

Explanation:

The number of miles to be used will be:

= 40 \ miles \ round \ trip\times  3 \ trips \ per \ week\times 52 weeks

= 6240 \ miles

Now,

The item deduction will be:

= Number \ of \ used \ miles\times 18 \ cents \ per \ mile

= 6240\times 1123.2

= 1123.2 ($)

4 0
3 years ago
Bank customers try to reduce uncertainty of using a service by drawing inferences from the ________, such as the design of the b
Bas_tet [7]
The answer is "place". Bank clients attempt to decrease vulnerability of utilizing an administration by drawing surmisings from the place, for example, the outline of the building's outside and inside, the format of the work areas, and the length of holding up lines
8 0
3 years ago
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