It Is Difficult for a Bill to Make It Through

question 15

Multiple Choice

It is difficult for a bill to make it through the legislative process; however, your text notes that all of the following will increase a bill's chances of passage except

• A)if the bill has a large number of cosponsors.
• B)if the bill is assigned to a favorable committee.
• C)if the bill has strong support from key interest groups.
• D)if the bill is part of the majority party's platform.

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Definitions:

Sunk Costs

Costs that have already been incurred and cannot be recovered or refunded.

Marginal Analysis

Marginal analysis evaluates the impact of a slight change in production or consumption, used to make decisions about allocating resources most efficiently.

Risk Aversion

The tendency of individuals or entities to prefer outcomes with less uncertainty, avoiding risks in decision-making.

Economic Payoff

The financial return or profit resulting from an investment or action.