Presidential Elections with Majority Run-Off Rules Pose What Sort of Trade-Off

question 8

Multiple Choice

Presidential elections with majority run-off rules pose what sort of trade-off?

• A)They increase the legitimacy of a presidential winner, but tend to produce a more fragmented legislature.
• B)They reduce the legitimacy of a presidential winner, but create parties with stronger discipline.
• C)They increase the constituency service of a president, but create parties with weaker discipline.
• D)They increase the legitimacy of the presidential winner, but decrease the president's willingness to work with political parties.

---

Definitions:

Call Provisions

Terms in a bond contract that allow the issuer to repurchase and retire the bond at a specified price before maturity, protecting against interest rate risk.

Bond Indenture

A legal contract between a bond issuer and a bondholder, detailing the terms of the bond such as the coupon rate, maturity date, and obligations of the issuer.

Call Provision

A clause in a bond or other fixed-income security that allows the issuer to repay the principal before the maturity date.

Sinking Fund

A savings fund into which an organization sets aside money over time, intended to pay off a debt or bond at its maturity or to meet a future capital expense.