Term limits on political offices have all of the following properties except:
A. encourage people to run for multiple different political offices.
B. discourage corruption by ensuring that one person isn't allowed to hold onto power for too long.
C. can encourage corruption in reality by placing an official in power with no incentive to answer to his constituency.
D. prevent officials from holding office for longer than a certain amount of time.
Answer: A
You might also like to view...
The producers of externalities prefer _____ to _____
a. corrective taxation; regulation b. regulation; subsidization c. competition; subsidization d. regulation; corrective taxation
When a tax is placed on a good
a. the price paid by buyers rises, and the price received by sellers rises. b. the price paid by buyers rises, and the price received by sellers falls. c. the price paid by buyers falls, and the price received by sellers rises. d. the price paid by buyers falls, and the price received by sellers falls.
For an economy as a whole, income must exceed expenditure
a. True b. False Indicate whether the statement is true or false
Suppose that there are only two fishermen, Zach and Jacob, who fish along a certain coast. They would each benefit if a lighthouse were built along the coast where they fish. The marginal cost of building each additional lighthouse is $150. The marginal benefit to Zach of each additional lighthouse is 90 - Q, and the marginal benefit to Jacob is 40 - Q, where Q equals the number of lighthouses. What is the efficient number of lighthouses?
What will be an ideal response?