Answer:
Incomplete Contracts: Do not optimally use all commonly observ-able information. Will be renegotiated at some point in time (bargain-ing). Reasons for contractual incompleteness: Bounded rationality: Parties cannot write long-term state-contingent contracts. Cannot foresee all possible future states.
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Answer:
I think D will be.
Explanation:
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The president has a role in the legislative process through Vetoing.
<h3>What does "veto" signify in law?</h3>
an individual or group's ability to forbid another from taking a certain action.
"Veto" often refers to a chief executive's ability to obstruct or complicate the passage of a legislative measure by refusing to sign it into law in a political setting.
<h3 /><h3>How does veto function?</h3>
The veto is the president's authority to reject a bill or joint resolution and halt its passage into law.
When a measure is enacted by Congress, the president has ten days (excluding Sundays) to sign it.
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