Asked by Jessica Herriage on Apr 29, 2024
Verified
In representative democracy, voters are ____________ and politicians are ______________.
A) agents; principals
B) logrollers; principals
C) agents; employees
D) principals; agents
Representative Democracy
A form of democracy in which citizens elect officials to represent them in governmental decisions and policymaking.
Principals
In economics and finance, a principal refers to an individual or entity that owns a business or transaction, and has the primary responsibility.
Agents
Individuals or entities that act on behalf of others in economic transactions or negotiations.
- Understand the consequences of the principal-agent problem within political contexts.
Verified Answer
Learning Objectives
- Understand the consequences of the principal-agent problem within political contexts.
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