Question

To prevent politicians from making decisions that are good for the short run but bad for the long run, some public choice economists propose:

to reward politicians based on the size of the budgets they manage.

to rotate political appointments between corporate leaders.

to make government departments earn profits. longer and more term limits for Congressional politicians and the President. strict term limits (for example, one term) for all politicians.

Answer 1

Answer: Politicians and the president strict term limits for all politicians

Here the main concept for this restriction of politicians term is because these politicians try to spend money in such a way just to make people get influenced and get them reelected. If there is a term limit for politicians there will be a chance that the politicians will stop these type of spendings for getting reelcted as there will be term limits. Due to this type of limits on getting elected for offices these elected representatives try to stop wooing the people before elections as there will be no chance of getting them reelected.