Lobbying in General Is Anti-Majoritarian Because

question 60

Multiple Choice

Lobbying in general is anti-majoritarian because:

• A) lobbying is not mentioned anywhere in the U.S. Constitution.
• B) lobbying is inconsistent with democratic principles.
• C) groups tend to lobby for changes that help a small fraction of the population.
• D) only those groups with large sums of money are able to influence the political process.
• E) once a group represents the majority it becomes a political party instead.

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Definitions:

Pure Play Approach

Use of a WACC that is unique to a particular project.

WACC

Weighted Average Cost of Capital; a measure of a firm's cost of capital where each category of capital is proportionately weighted.