Revolving Door Laws Are Designed to Do Which of the Following

question 20

Multiple Choice

Revolving door laws are designed to do which of the following?

• A) prevent lawmakers from utilizing their legislative relationships by becoming lobbyists immediately after leaving office
• B) help lawmakers find work after they leave office
• C) restrict lobbyists from running for public office
• D) all the above

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Definitions:

Productive Efficiency

A situation where a system or economy can no longer produce additional amounts of a good without lowering the production level of another product.

Allocative Efficiency

A state of the economy where the distribution of resources among different uses is optimal, maximizing total societal welfare.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, establishing market balance.

Equilibrium Quantity

The level of goods or services supplied matches the consumer demand at the price which establishes market equilibrium.