Public Choice Theory Would Suggest That the Lobbying of Congress

question 21

Multiple Choice

Public choice theory would suggest that the lobbying of Congress by farm organizations for legislation that would increase the appropriations from the U.S. government for agricultural programs is an example of

• A) revealed preference.
• B) rent-seeking behavior.
• C) the paradox of voting.
• D) the median voter model.

---

Definitions:

Quantity Purchased

The total number of units of a product bought by consumers at a given price level.

Product Price

The amount of money required to purchase a specific product, determined by various factors including cost of production, demand, and competition.

Demand

The desire to own something and the ability to pay for it, represented by how much of a good or service consumers are willing to buy at different prices.

Schedule

A plan that outlines specific times at which certain tasks, events, or operations are to occur.