Monday, May 7, 2012

2012 - Question #13 – short answer/concept question

(A)          What is an example of "rent-seeking" behavior in the Nigerian political system?
(B)          Explain how that example is beneficial or detrimental to the people of Nigera.

See pp. 43, 103-109, and 121-122 in What You Need to Know

1 comment:

Ken Wedding said...

From Anonymous:

"A. The Nigerian political system allows large exports of oil internationally, in exchange for profit, is an example of 'rent seeking' behavior.

"B. This is detrimental to the people of Nigeria because its economy relies solely on oil exports, and its one-product dependency is a danger to its economic stability."

This response earns the possible point for the example.

This response earns both possible points for the explanation.