The Fights Over the Fiscal Cliff and the Debt Ceiling

question 40

Multiple Choice

The fights over the fiscal cliff and the debt ceiling illustrated that ______.

• A) command authority was the only solution to the problem
• B) deadlines can motivate both sides to reach a compromise
• C) separation of powers creates real problems for government spending
• D) having supermajority requirements increases transaction costs

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Definitions:

Land

Land refers to a parcel or tract of ground, including any natural resources over or under it, owned or used by a person or organization.

Existing Building

A structure that has been previously erected and is used or suitable for use in a particular function or occupancy.

Ready Land

Land that has been developed or prepared for construction or agricultural use, often including improvements like utility connections or cleared terrain.

Land Improvements

Enhancements made to land such as landscaping, fencing, and lighting that increase the property's value.