The Campaign Finance Reforms of 1973

question 72

Multiple Choice

 The campaign finance reforms of 1973 

• A) made political action committees (PACs) legal. 
• B) reduced political action committee (PAC) spending. 
• C) made political action committees (PACs) illegal. 
• D) made it more attractive to use interest groups rather than political action committees (PACs) to finance campaigns. 
• E) None of these are correct.

---

Definitions:

Bundle

A combination of various goods and services that a consumer can choose to consume, given their income and preferences.

Entertainment

Activities, performances, or media produced to provide enjoyment and amusement to individuals or groups.

Subsidy

is financial assistance provided by the government to individuals or groups to support an economic activity deemed beneficial.

Revealed Preferred

A concept in consumer choice theory that preferences can be determined by observing consumer choices under different constraints.