Exam 5: B: Governments Role and Government Failure

Public choice economists contend public bureaucracies are inefficient primarily because:

Deregulation:

Some people argue that the three main television networks all have similar programming.If true, this observation might best be explained by the:

Senator A agrees to vote for Senator K's state project in exchange for Senator K voting for Senator A's state project.This is an example of:

Which of the following would be the best example of regulatory capture?

The political tendency to favor spending priorities with immediate benefits but deferred costs results in:

When a nation is in a debt crisis, the government's level of debt is so high that:

According to the paradox of voting:

Public choice theory focuses on the economics of:

Government fiscal policy involves changing which of the following?

Suppose that in a series of paired-choice votes a new park is preferred to a new recreation center and a new recreation center is preferred to street widening.Also suppose that street widening is preferred to a new park.This set of votes is an example of the:

Political corruption occurs whenever:

Economists widely support deregulation of industries that tend toward monopoly or generate substantial negative externalities.

Fiscal policy is more susceptible to politicization than monetary policy.

An economic analysis of the relationship between proposed legislation affecting major employers in each state and the voting patterns of senators and representatives in Congress on that legislation would fit within the subcategory of economics called:

Government changes in interest rates to regulate the economy are part of:

Pork-barrel legislation that contains funding for hundreds of earmarks throughout numerous states often reflects:

To reduce politicization of policy making, many countries have given control of ________ to politically independent central banks.

How does government's power to coerce behavior tend to reduce private-sector risk?

Monetary policy attempts to change the level of spending by altering interest rates.