Constitutional Economists

question 53

Multiple Choice

Constitutional economists

• A) assert that within a given set of institutions,constraints,laws and rules,outcomes might be the same no matter who is elected to office.
• B) study the type of constraints that individuals might seek to place upon themselves in order to achieve some objective that doesn't seem achievable in a non-constrainable environment.
• C) assert that better outcomes arise from changing the political party in power at any given point in time than from changing institutions and constraints.
• D) b and c
• E) a and b

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Definitions:

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to repay the loan.

Inadequate

Lacking the quality or quantity required; insufficient for a purpose.

Assets

Economic resources owned or controlled by an individual or entity, expected to produce future benefits.