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:

Migration Costs

expenses incurred by individuals or families when moving from one location to another, which may include transportation, housing, and administrative costs.

Country of Origin

Refers to the country where a product was manufactured or where a service originated from.

High Wage Rates

Refers to employment compensation that is at the upper end of the pay scale within a specific industry or region.

Beaten Paths

Well-established or conventional routes or methods often followed due to familiarity rather than efficiency or innovation.