Which of the Following Is NOT a Player in the Iron

question 22

Multiple Choice

Which of the following is NOT a player in the iron triangle?

• A) the government agency administering the policy
• B) the office of the president promoting the policy
• C) the legislative committee creating the policy
• D) the special interest group that is advocating the policy.

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Definitions:

Excess Supply

A market condition where the quantity of a good or service supplied exceeds the quantity demanded at a particular price, often leading to price decreases.

Black Market

An illegal trading environment where goods or services are bought and sold without government authorization or oversight.

Market Determined Prices

Prices established through the interaction of supply and demand in a marketplace, reflecting the equilibrium where the quantity supplied equals the quantity demanded.

Ration Coupons

Documents or digital vouchers that allow the holder to purchase a certain amount of a product, often used by governments in times of shortage to ensure equitable distribution.