Financial Contributions to the Campaigns of Members of Congress, State

question 32

Multiple Choice

Financial contributions to the campaigns of members of Congress, state legislators, and other elected officials by firms that seek special interest legislation that make the firms better off are

• A)examples of rent seeking.
• B)illegal.
• C)the result of the voting paradox.
• D)irrational because elected officials will almost always act in the interest of the voters who have to pay the cost of the legislation.

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Definitions:

Core Features

Essential attributes or characteristics that define the identity or nature of a concept, object, or phenomenon.

Human Agency

The capacity for human beings to make choices and to impose those choices on the world, influencing outcomes in their lives.

Self-regard

An individual's perception, evaluation, and appreciation of oneself.

Intrinsic Motivation

The drive to engage in activities for their own sake, due to the inherent satisfaction or fulfillment derived from the activity itself, rather than for some external reward.