Which Is NOT an Example of a Political Actor Rationally

question 128

Multiple Choice

Which is NOT an example of a political actor rationally pursuing a political goal?

• A)a legislator trying to get reelected
• B)a bureaucratic agency trying to maximize its budget allocation
• C)a Congressional committee chair bargaining to expand her committee's jurisdiction
• D)the Social Security Agency automatically increasing its income payments to senior citizens as the cost of living increases
• E)a lobbyist donating to a politician to obtain a meeting

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Definitions:

Standby Underwriting

Agreement where the underwriter agrees to purchase the unsubscribed portion of the issue.

Unsubscribed Portion

The part of a new security issue that is not sold or not taken up by investors during an offering period.

Standby Underwriting Agreement

This is a commitment by an underwriter to purchase any unsold shares in a public offering, ensuring the issuing company raises the full amount of capital sought.

Lockup Agreement

A contractual clause preventing company insiders, such as employees and investors, from selling their shares for a certain period following an initial public offering (IPO).