To Get the U

question 107

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:

Compounded

The process of calculating interest on both the initial principal and the accumulated interest from previous periods.

Semi-annually

Occurring twice a year or every six months.

Compounded

The process of calculating interest on both the initial principal and the accumulated interest from previous periods, leading to an increase in interest earnings over time.

Quarterly

Pertaining to a period of three months or occurring every three months.