Im studying for my Economics class and dont understand how to answer this. Can you help me study?
Prior to beginning work on this discussion, read Tim Worstalls article, One Benefit of Nancy MacLeans Democracy in Chains – Public Choice and Rent Seeking Popularised (Links to an external site.).Based on the articles information and Chapter 14 in your textbook, especially Sections 14.1 and 14.2, respond to the following:
What is the public choice idea or theory?
Explain what rent seeking is.
How can you combine the ideas of public choice and rent seeking?
Choose one real-world example of combining public choice and rent seeking to evaluate.
Your initial post should be a minimum of 300 words.
Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with FENTYESSAYS.COM ESSAY’s honor code & terms of service.