To Get the U

question 148

Multiple Choice

To get the U.S. Senate to pass a farm bill, a U.S. senator from a farm state asks for the support of a U.S. senator from an urban state. The urban-state senator agrees to support the bill, if in return the farm-state senator supports a bill for a mass transit project. This situation is an example of

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

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Definitions:

Declaring Dividends

The action by a company's board of directors to distribute a portion of earnings to shareholders as a reward for their investment.

Significant Policy Decisions

Major determinations made by organizations or governments that significantly influence their strategic direction and operations.

Appointing Officers

The act of designating individuals to hold specific positions or offices within an organization or institution.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often with dividends that are paid out before those of common stockholders.