Individuals who spend resources to influence public policy in a way that will re-distribute income to themselves are:________.
a. rent seeking.
b. engaging in collusion.
c. minimizing explicit costs.
d. stabilizing the economy.

Rent seeking: It is an economic concept of spending money on lobbying for getting an advantage in government policies in order to create more wealth out of it or impose a restriction on rivals or increase market share. It is called "rent-seeking" as entity pay money in return for the benefit they receive in manipulating the government policies. It hurt the equality in society in the process of economic growth.

Individuals who spend resources to influence public policy in a way that will re-distribute income to themselves are:________. a. rent seeking. b. engaging in collusion. c. minimizing explicit costs. d. stabilizing the economy.

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Individuals who spend resources to influence public policy in a way that will re-distribute income to themselves are:________.
a. rent seeking.
b. engaging in collusion.
c. minimizing explicit costs.
d. stabilizing the economy.