The US Has Never Had a Parliamentary System of Government, but but at Times

question 25

Essay

The U.S. has never had a parliamentary system of government, but at times it has operated as if seats in Congress were the private patronage of local party bosses. Name two similarities between the parliamentary system and congressional elections under party bosses.

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Definitions:

Weighted Average Cost of Capital

A calculation of a company's cost of capital in which each category of capital is proportionately weighted, used to evaluate the cost of funding projects.

Bond Issue

The process by which a company or government raises funds by selling bonds to investors, which then are obliged to pay back with interest.

Cost of Equity

The return a company theoretically pays to its equity investors, i.e., shareholders, to compensate for the risk they undertake by investing their capital.

Annual Dividend

The total dividend payment a company makes to its shareholders in a single year.