Exam 31: Public Choice and Special Interest Group Politics

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.

Public choice economists often explain low voter turnouts in terms of

Candidate X and Candidate Y have a debate. X's advisers believe that one result of the debate is that Y will appear to the voters as further to the left than before. This is good news for X

If it is assumed that people vote for the candidate who comes closer to matching their own views, to win votes in a two-person race

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

Public choice is concerned with decision making by

Special interest groups

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

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

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.

Public choice theorists insist that when a person goes from public to private employment, his or her motivations __________ while the institutional arrangements shaping his or her actions __________.

Simple majority rule will almost always generate efficient outcomes.

Candidate A says, "Health care is too expensive in the United States. We need to do something-and quickly-to develop a better, more responsive, less expensive health care system." Candidate B, who is running against candidate A in a two-person race, says, "Health care is too expensive in the United States. We need to do something about it and quickly. I suggest that we have the federal government develop a centralized system for delivering health care in this country." If you know nothing else about the two candidates, it follows that

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.

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

Public choice theory assumes that those involved in the public sector are generally motivated by

Exhibit 31-4 ​ -Refer to Exhibit 31-4. At the market equilibrium price of the good, producers' surplus is the area

Exhibit 31-2 ​ -Refer to Exhibit 31-2-(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)

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

There is evidence that __________ were the main lobbyists behind passage of the Factory Acts which put restrictions on women and children working in early 19th century England.