Which of the following is most usefully thought of as a principal-agent problem?
A. the problem elected leaders have in ensuring bureaucrats carry out their wishes
B. the problems courts have in getting citizens to abide by their decisions
C. the problem politicians face in getting voters to vote for them
D. the problems presidents and prime ministers have when “cohabitating”
A. the problem elected leaders have in ensuring bureaucrats carry out their wishes
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Consider the "Who's Getting What?" box. Which of the following is an example of rent seeking?
a. a farm organization lobbying for subsidies on agricultural commodities b. an environmental organization lobbying for clean air legislation c. a union taking part in contract negotiations d. a civil rights organization holding a demonstration
Which of the following is a responsibility of the Speaker of the House?
a. Leads debate b. Serves as leader of the minority party c. Heads all committees d. Casts a tie-breaking vote