Explain the principal-agent problem and how it affects produ…

Explain the principal-agent problem and how it affects productivity in the bureaucracy. For maximum credit, your answer must address who the players are, the problem that exists between the players, and how the problem influences productivity (i.e., ability to implement policy) within the bureaucracy.

When Congress submits a bill for the president’s considerati…

When Congress submits a bill for the president’s consideration, he has, per the Constitution, ten days to act. If, however, Congress has adjourned (i.e., not in session, departed from Capitol Hill) by the 11th day, he can simply avoid taking any action on the bill. If he declines to take action by the 11th day, and Congress is simultaneously not in session, then he issues what amounts to a ____________________. They cannot be overridden.

The National Railroad Passenger Corporation, better known as…

The National Railroad Passenger Corporation, better known as Amtrak, was created by Congress under the Rail Passenger Service Act of 1970 to compensate for the increasing popularity of the automobile. Amtrak is responsible for shuttling Americans along railway lines across the country. While it exists alongside other privately-owned passenger railway services, the federal government exclusively funds and exercises significant oversight over Amtrak because the entity serves an important public interest. The entity is also not subject to federal taxes on their annual profits, but instead, its annual profits are used to maintain its operations. Which of the following characterizes Amtrak?