Recall the Application about the developer who is interested in building a casino in Creswell, Oregon to answer the following question(s).
-Recall the Application. By offering the citizens of Creswell, Oregon a yearly cash payment if they voted to approve his casino, the developer was engaged in
A)price discrimination.
B)rent seeking.
C)applying for a patent.
D)network externalities.

Question

Quizplus · Accepted Answer

The developer's action of offering cash payments to influence the citizens' votes is an example of rent seeking, where individuals or entities attempt to gain economic benefits through manipulation or exploitation of the political environment rather than through productive economic activities.

Recall the Application About the Developer Who Is Interested in Building