Who Are the Three Main Players in an Iron Triangle

question 2

Multiple Choice

Who are the three main players in an iron triangle?

• A)Congress,the president,and the courts
• B)businesses,interest groups,and political action committees -Consider This: Members of iron triangles are characterized by mutual dependency in which all of the entities provide some benefit to the others.
• C)politicians,candidates,and bureaucrats
• D)bureaucratic agencies,interest groups,and congressional committees and subcommittees

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Definitions:

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs and technology, illustrating the trade-offs and opportunity costs in production.

Labor Force

Those 16 years of age and older who are either working or looking for work.

Opportunity Costs

The cost of foregone alternatives when a decision is made to pursue a particular course of action over others.

Production Possibilities Frontier

A curve depicting the maximum output combinations of two goods that can be produced given available resources and technology.