Suppose american winemakers convince the federal government to issue a directive to serve only domestically produced wine at governement functions. this would be an example

a) principle agent problem
b) rent seeking behavior
c) moral hazard
d) logrolling

Option B

Explanation: Rent-seeking is an economic principle that exists when an organization tries to acquire additional resources with no reciprocal output contribution. This usually centers around social care and social service initiatives funded by the state.

Rent-seeking is a by-product of governmental support and government regulations. The government decides on the rules, legislation, and allocations of financing that control the transmission of industry and government subsidies. Therefore, these laws and acts reflect rent-seeking practices by offering competitive or no solidarity economic rent.

Thus, from the above we can conclude that the correct option is B.

a dunce cap for you, you assed this 2 weeks ago