1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
wariber [46]
3 years ago
10

Which of the following statements refers to rent seeking? "There is an opportunity cost whenever the federal government spends t

ax revenue. For example, an additional $1 billion spent on national defense means there will be less revenue for highway construction and maintenance or some other program." "Laws passed by the federal government often provide benefits for a small number of individuals. These individuals, in turn, have an incentive to contribute to the campaigns of politicians who pass these laws." "The role of the federal government in the U.S. economy grew significantly after the Great Depression. Government spending and taxes are a much greater proportion of total income today than they were in 1929." "The federal government should spend more money on programs that help low income citizens and less money on national defense."
Business
2 answers:
makvit [3.9K]3 years ago
5 0

Answer: "Laws passed by the federal government often provide benefits for a small number of individuals. These individuals, in turn, have an incentive to contribute to the campaigns of politicians who pass these laws."

Explanation: Rent seeking is an economic concept that revolves around government-funded social services and social service programs. It occurs when an entity seeks to gain added wealth without any reciprocal contribution of productivity.

Rent seeking can be said to be a process of obtaining economic rent by manipulating the social or political environment in which economic activities occur, rather than by creating new wealth.

An example of rent seeking is when

Laws passed by the federal government which often provide benefits for a small number of individuals. These individuals, in turn, have an incentive to contribute to the campaigns of politicians who pass these laws.

puteri [66]3 years ago
3 0

<u>Answer:</u>

<u><em>Laws passed by the federal government often provide benefits for a small number of individuals. These individuals, in turn, have an incentive to contribute to the campaigns of politicians who pass these laws</em></u>

<u>Explanation</u>:

When individuals or firms cunningly try to get benefits from government at the detriment of others it term rent seeking.

Implying they seek shelter under this laws that benefit them the most.

For example, certain tax laws may favor the weather citizens of a country and they (the wealthier citizens) may take advantage of that.

You might be interested in
Machinery purchased for $69,000 by Vaughn Co. in 2016 was originally estimated to have a life of 8 years with a salvage value of
Sliva [168]

Answer:

Prepare the entry to correct the prior years' depreciation, if necessary.

any change in depreciation expense must be done for future events, past events cannot be adjusted

Depreciation expense 2021:

carrying value December 2020 = $69,000 - {[($69,000 - $4,600) / 8] x 5} = $69,000 - $40,250 = $28,750

depreciation expense per year (including 2021) = ($28,750 - $5,175) / 5 = $4,715

3 0
3 years ago
Brandon wants to purchase new furniture for his home but does not want his purchases to put him into debt. Brandon loves being s
aleksley [76]

Answer: Augmenting his income.

Explanation: Extra work means having an official fixed job and, in addition, after working hours, or in your free time (such as weekends), you dedicate yourself to other activities that can also generate income. Unlike what some people think, extra work does not need to be something completely different from what you usually do. Of course you can choose to formalize your hobby and earn money with it, but these tasks can also happen in other conventional work.

7 0
3 years ago
Please help me I have less then 40mins please
satela [25.4K]

#1.
When calculating declining-balance depreciation, the straight-line rate was used instead of double the straight-line rate. In the first year of ownership, this error would cause C. the period end assets to be overstated.

#2. 
A depreciation method that allocates depreciation of a plant asset based on the Tax Act of 1989 is the C. modified accelerated cost recovery.

#3.
Salvage value was ignored when originally calculating the units-of-production depreciation. This error would cause B. the period’s net income to be understated.

#4.
The allocation of the cost of a natural resource is B. depletion.

#5.
The credit portion of the adjustment for the depletion of a coal mine was credited to the Coal Mine account. This error would cause A. the period’s net income to be overstated.

#6.
<span>Intellectual property assets are C. amortized. </span>

4 0
3 years ago
Read 2 more answers
select all that apply when matching aptitudes to careers which three categories of aptitudes would you consider. people, physica
Nesterboy [21]

Answer:   physical,Mental,Emotional

Explanation:right answer on edgenuity

6 0
3 years ago
A firm's database showed that the average value of all inventory items for the year was $7,650. The cost of goods sold was repor
Zinaida [17]

Answer:

We know the average inventory was 7,650 and the cost of goods sold through  out the yer were 76,500.There are about 52 weeks in a year. If the company closes for 2 weeks, then they are in business for 50 weeks a year.

If we divide the cost of goods sold by the number of weeks that the company is open, we get what is the cost of goods sold each week.

76,500/50= 1,530

The company has 1,530 of cost of goods sold each week. And their average inventory is of 7650 so if we divide average inventory by the cost of goods sold each week, we will get how many weeks of supply is held in inventory.

7650/1530=5

The company holds 5 weeks of supply in inventory.

Explanation:

8 0
4 years ago
Other questions:
  • What are the differences between the​ long-run equilibrium of a perfectly competitive firm and the​ long-run equilibrium of a mo
    10·1 answer
  • External costs are A. borne by the public but incurred by the government. B. borne by the government but incurred by the public.
    6·1 answer
  • Give two examples of situations in which prices gave you an incentive to purchase or not purchase a good or service.
    8·1 answer
  • Suppose you are committed to owning a $185,000 ferrari. if you believe your mutual fund can achieve an annual return of 10.5 per
    10·1 answer
  • If you wanted to withdraw $12,000 from a bank account at the end of each of the next 20 years, approximately how much would you
    7·1 answer
  • How does a 12 year old dunk a Nba Basketball goal
    6·2 answers
  • Mike Finley wishes to become a millionaire. His money market fund has a balance of $403,884 and has a guaranteed interest rate o
    11·1 answer
  • Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakl
    11·1 answer
  • Which model is considered the most powerful model in all of economics?
    9·2 answers
  • Suppose the owners of lopes and homemax meet for a friendly game of golf one afternoon and happen to discuss a strategy to optim
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!