Exam 32: Public Choice and Special-Interest-Group Politics

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One implication of the median voter model is that candidates running for political office take polls because

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B

Congressman A promises to vote for a bill that Congressmen B and C are sponsoring,and in return both B and C promise to vote for a future bill that A is sponsoring.This practice is called

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D

Exhibit 32-1 Exhibit 32-1    -Refer to Exhibit 32-1. The exhibit shows the breakdown of benefits and costs for a four-person town considering the purchase of an additional $1,200 worth of books for the public library. If simple majority voting determines the outcome,the books will -Refer to Exhibit 32-1. The exhibit shows the breakdown of benefits and costs for a four-person town considering the purchase of an additional $1,200 worth of books for the public library. If simple majority voting determines the outcome,the books will

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C

Under certain circumstances,a congressional district may be a special interest group.

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Ceteris paribus,economics predicts that voter turnout will be higher

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The answer is: "rational ignorance." What is the question?

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Special interest groups often engage in rent seeking,which is a socially wasteful activity.

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Suppose that a federal election is coming soon and the government has been running persistent large budget deficits. Constitutional economists would most likely urge ___________________ in order to eliminate future budget deficits.

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In his article Straight Talk About Economic Literacy,economist _______________________ said,"Citizens can vote even if they have no idea what they are doing. If enough voters fit that description,democratic governments are bound to make foolish decisions."

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Exhibit 32-3 Exhibit 32-3    -Refer to Exhibit 32-3.The exhibit shows the breakdown of benefits and costs for a five-person community considering whether to purchase a $5,000 statue of Adam Smith to put in the center of the public square.If simple majority voting determines the outcome,the statue _______________ be purchased,and the total costs are ______________ the total benefits of the statue. -Refer to Exhibit 32-3.The exhibit shows the breakdown of benefits and costs for a five-person community considering whether to purchase a $5,000 statue of Adam Smith to put in the center of the public square.If simple majority voting determines the outcome,the statue _______________ be purchased,and the total costs are ______________ the total benefits of the statue.

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What is the median voter model? Describe four different ways in which this theory is predicted to impact the behavior of political candidates.

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According to public choice theorists,people in the market sector and people in the public sector have __________,and (but)sometimes act differently because of different __________ arrangements in the two sectors.

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According to public choice theory,low voter turnouts are the result of voters

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Public choice deals exclusively with business decisions.

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Exhibit 32-1 Exhibit 32-1    -Refer to Exhibit 32-1.The exhibit shows the breakdown of benefits and costs for a four-person town of a proposed $1,200 addition in books to the public library.How will each of the four persons,A-D,vote? (The first answer in the list is how person A would vote,the second is how person B would vote,and so on,so that for indicates that the individual would be in favor of having the additional books purchased by the library.) -Refer to Exhibit 32-1.The exhibit shows the breakdown of benefits and costs for a four-person town of a proposed $1,200 addition in books to the public library.How will each of the four persons,A-D,vote? (The first answer in the list is how person A would vote,the second is how person B would vote,and so on,so that "for" indicates that the individual would be in favor of having the additional books purchased by the library.)

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Logrolling is the exchange of votes to gain support for legislation.

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People may vote in a presidential election if

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Exhibit 32-2 Exhibit 32-2    -Refer to Exhibit 32-2-(c).Two candidates are competing for an electorate consisting of 11 voters labeled A-K shown positioned with respect to their ideological stands on issues.The median voter theory would predict that candidates will assume the ideological position(s) -Refer to Exhibit 32-2-(c).Two candidates are competing for an electorate consisting of 11 voters labeled A-K shown positioned with respect to their ideological stands on issues.The median voter theory would predict that candidates will assume the ideological position(s)

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The model predicting victory in a two-person race for the candidate closer to occupying the center of the voter distribution is built on the assumption that

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Special interest groups are usually

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