Interest Groups Make Political Contributions to Candidates for Public Office

question 21

Multiple Choice

Interest groups make political contributions to candidates for public office through organizations that are called

• A) political parties.
• B) political action committees.
• C) corporate network groups.
• D) interest group networks.

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Definitions:

Total Revenue

The total amount of money a company receives from its sales of goods or services, calculated before any expenses are subtracted.

Relatively Elastic

Describes a situation in which the quantity demanded of a good or service changes significantly due to a change in its price.

Time Interval

A specific duration or period between two points or events in time.

Substitutes

Substitutes are goods or services that can replace each other in usage, providing consumers with alternative choices when purchasing.