Coalitions of Interest Groups and Governmental Players Who Promote Policy

question 56

Multiple Choice

Coalitions of interest groups and governmental players who promote policy on a particular issue are called __________.

• A)PACs
• B)iron triangles
• C)revolving doors
• D)issue networks

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Definitions:

Economies of Scope

Cost advantages that enterprises obtain due to the efficient production of a wide range of products rather than specializing in a single product or service.

Joint Cost Function

A concept in economics where certain costs are incurred to produce multiple products simultaneously, making it challenging to allocate the costs distinctly to each product.

Economies of Scope

Cost advantages that enterprises obtain through the variety of products rather than through a high volume of a single product.

Cost Function

A mathematical relationship describing how production costs change with changes in the quantity of output produced.