Key words and phrases

Question 1

Better word for rent seeking?

Answer 1

Privilege seeking

Question 2

Term for:
“without breeches”)- common people of the lower classes in late 18th-century France, a great many of whom became radical and militant partisans of the French Revolution

Answer 2

sans culottes

Question 3

Money just flows to you because of who you are or what you own. This is describing:

Answer 3

Rent/priilege seeking

Question 4

Example of rent seeking:

Answer 4

Spending money on lobbying for government subsidies in order to be given wealth that has already been created, or to impose regulations on competitors, in order to increase market share

Question 5

Definition of cognoscenti?

E.g. Imposed by a vanguard of the cognoscenti

Answer 5

people who are especially well informed about a particular subject