A Problem with the Representational Interpretation of Congressional Voting Behavior

question 24

Multiple Choice

A problem with the representational interpretation of congressional voting behavior is that

• A) senior members of Congress have little need to be concerned about public opinion.
• B) on many key issues, public opinion is weak or vague.
• C) such representation relates to the House but not to the Senate.
• D) most politicians are not theoreticians.
• E) most politicians have a strong academic background.

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Definitions:

Discount Rate

The interest rate used to calculate the present value of future cash flows.

Discount Rate

The rate of interest utilized within discounted cash flow methodology to calculate the current market value of future cash flows.

Net Present Value

The calculation of the current value of a series of future cash flows generated by an investment minus the initial capital cost.

Present Value

The current value of a future sum of money or stream of cash flows, given a specified rate of return.