As It Relates to the Political Process, the Principal-Agent Problem

question 80

Multiple Choice

As it relates to the political process, the principal-agent problem results from the

• A)negative externalities that are created by some policy actions.
• B)political rules that encourage elected officials to engage in unethical and illegal behavior.
• C)inconsistency between voters' interest in programs and politicians' interest in reelection.
• D)paradox of voting.

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Definitions:

Safer Cars

Vehicles designed with advanced safety features and technologies to protect passengers and reduce the likelihood of accidents.

Anti-Theft Device

A device or system designed to prevent unauthorized access to or theft of personal property or vehicles.

Auto-Insurance

A contract between a vehicle owner and an insurance company, where the insurer covers losses related to car accidents or theft.

Monitored Lock

A lock system that is tracked or observed to ensure its integrity, often used in security applications.