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

A politician running for political office does not speak in general terms,does not try to move to the middle of the political spectrum,and does not take polls,therefore it follows that

A voter will tend to be more informed if the issue in question

Public choice theorists say that the greater the number of potential voters in an election,the __________ the perceived benefits of voting held by each voter,and so the __________ the likely percentage turnout of voters.

Rational ignorance refers to voter-citizens choosing to be uninformed about politics and government on an individual basis because

Exhibit 32-2 -Refer to Exhibit 32-2-(a).Two candidates are competing for an electorate consisting of 9 voters labeled A-I shown positioned with respect to their ideological stands on issues.The median voter theory would predict that candidates will assume the ideological position(s)

Competition for votes between two political parties will cause those parties to

Which of the following is false?

The process whereby votes are exchanged to gain support for legislation is referred to as

Logrolling

The Congress passes a law that states that the federal government will pay $100 to any American citizen who can pass a (reasonably simple)current political events test.It follows that

In the early 19th century,the main lobbyists behind passage of the Factory Acts were the women and children who were being exploited.

Public choice refers to

Situation 32-l -Refer to Situation 32-l.This episode can be seen as an instance of

In a simple majority vote on a public project,

Suppose U.S.peanut butter producers are facing increased foreign competition.Which argument is least likely to be used by the U.S.firms' lobbyists to urge legislation to restrict imports of peanut butter?

Simple majority voting sometimes leads to projects being undertaken whose costs are greater than the benefits.How is this possible?

Exhibit 32-2 -Refer to Exhibit 32-2-(b).Two candidates are competing for an electorate consisting of 3 voters labeled A,B,and C shown positioned with respect to their ideological stands on issues.The median voter theory would predict that candidates will assume the ideological position(s)

Simple majority rule will almost always generate efficient outcomes.

Exhibit 32-4 -Refer to Exhibit 32-4. Suppose that producers of this good engage in rent seeking which results in the government imposing a price floor of P?. The loss of consumers' surplus that occurs due to the price floor is

According to public choice theory,low voter turnouts may be the result of cost-benefit calculations on the part of voters.