Rent-seeking activities:
A) require resources, and the net result is to reduce total welfare to society.
B) require resources, but the net result is to increase total welfare to society.
C) do not require resources.
D) have no effect on society's welfare.

Question

Quizplus · Accepted Answer

Rent-seeking activities involve using resources to gain economic benefits without creating new wealth, often leading to inefficiencies and a reduction in total societal welfare.

Rent-Seeking Activities