What Is an Iron Triangle

question 52

Multiple Choice

What is an iron triangle?

• A) a theory that suggests agency managers, congressional committees and subcommittees, and interest groups work closely to shape policy and that their shared work is more important than other forces on the process
• B) a theory that suggests agency managers, cabinet members, and interest groups work closely to shape policy and that their shared work is more important than other forces on the process
• C) a theory that suggests agency managers, congressional committees and subcommittees, and cabinet members work closely to shape policy and that their shared work is more important than other forces on the process
• D) a theory that suggests cabinet members, congressional committees and subcommittees, and interest groups work closely to shape policy and that their shared work is more important than other forces on the process

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Definitions:

Economics

The social science concerned with the production, distribution, and consumption of goods and services, and the analysis of the choices people make to satisfy their needs.

Scarcity

The fundamental economic problem of having seemingly limitless human wants in a world with limited resources.

Government Intervention

Actions taken by a government to influence or regulate economic activities, often to correct market failures or achieve social goals.

Market Economy

An economic system where supply and demand from consumers determine the production of goods and services rather than government intervention.