An Iron Triangle Is Made Up of an Alliance Between

question 2

Multiple Choice

An iron triangle is made up of an alliance between

• A)a legislative committee,an executive agency,and the federal courts.
• B)the federal courts,the state courts,and interest groups.
• C)a legislative committee,an interest group,and an executive agency.
• D)the media,a legislative committee,and the federal courts.

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Definitions:

External Benefit

A positive effect on a third party or the general public that arises from a transaction between others.

Producer Surplus

The difference between what producers are willing to accept for a good or service and what they actually receive, due to higher market prices.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually do pay.

Financial Viability

The ability of an entity or project to manage its expenses and generate sufficient revenue to continue operating effectively.