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https://www.forbes.com/sites/timworstall/2017/08/06/one-benefit-of-nancy-macleans-democracy-in-chains-public-choice-and-rent-seeking-popularised/?sh=3240bb86aca4 Based on the ABOVE article's information respond to the following: What is the public choice idea or theory? Explain what rent seeking is. How

https://www.forbes.com/sites/timworstall/2017/08/06/one-benefit-of-nancy-macleans-democracy-in-chains-public-choice-and-rent-seeking-popularised/?sh=3240bb86aca4

Based on the ABOVE article's information 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?
  • Explain one real-world example of combining public choice and rent seeking.

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