Most Incumbent Members of Congress

question 47

Multiple Choice

Most incumbent members of Congress

• A)choose not to run for reelection.
• B)are defeated in primary elections.
• C)are defeated in general elections.
• D)successfully run for reelection.
• E)are term limited and cannot run for reelection.

---

Definitions:

Unobservable Actions

Actions taken by individuals or entities that cannot be directly observed or monitored, often leading to issues of information asymmetry.

Moral Hazard

A situation in insurance and economics where one party is more likely to take risks because they do not bear the full consequences of their actions, often due to asymmetric information.

Transaction

An exchange or transfer of goods, services, or funds between two or more parties.

Benefit

An advantage or positive outcome gained from something, often used in the context of employment perks or features of a product or service.