ECON MICRO
5th Edition
ISBN: 9781337000536
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 16, Problem 3.8P
To determine
the ways in which the rent seeking can result in fall in the production of goods and services and the role played by the underground economy in reducing the fall in productive activities.
Concept Introduction:
Rent seeking is a type of resource or capital earning system by a company, organization or individual to obtain economic gain without reciprocating any benefits to society and creating wealth. This involves an earning income through profit, wage and rent. Rent is considered the least risky and easiest type of earning income because it requires resource ownership and the ability to use these resources to generate income by lending their use to others. It can be problematic when the company increases the no. of shares without increasing the total capital.
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Week 7 Discussion: Elevator Pitch
Prepare an elevator pitch you would use to present
yourself at a networking event. Introduce yourself,
talk about your professional and/or educational
background, and mention what your career goals
are. Post a video recording of yourself giving your
elevator pitch (1-2 minutes). Then, watch your
classmates elevator pitches. Reply to at least one
other student and let them know what positive
public speaking skills they successfully
implemented.
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