Exam 31: Public Choice and Special Interest Group Politics
Exam 1: What Economics Is About174 Questions
Exam 2: Production Possibilities Frontier Framework156 Questions
Exam 3: Supply and Demand Theory224 Questions
Exam 4: Prices Free Controlled and Relative122 Questions
Exam 5: Supply Demand and Price Applications76 Questions
Exam 6: Macroeconomic Measurements Part I Prices and Unemployment151 Questions
Exam 7: Macroeconomic Measurements Part II Gdp and Real Gdp150 Questions
Exam 8: Aggregate Demand and Aggregate Supply204 Questions
Exam 9: Classical Macroeconomics and the Self Regulating Economy172 Questions
Exam 10: Keynesian Macroeconomics and Economic Instability a Critique of the Self Regulating Economy200 Questions
Exam 11: Fiscal Policy and the Federal Budget167 Questions
Exam 12: Money Banking and the Financial System150 Questions
Exam 13: The Federal Reserve System180 Questions
Exam 14: Money and the Economy150 Questions
Exam 15: Monetary Policy185 Questions
Exam 16: Expectations Theory and the Economy150 Questions
Exam 17: Economic Growth Resources Technology Ideas and Institutions103 Questions
Exam 18: Debates in Macroeconomics Over the Role and Effects of Government100 Questions
Exam 19: Elasticity204 Questions
Exam 20: Consumer Choice and Behavioral Economics179 Questions
Exam 21: Production and Costs245 Questions
Exam 22: Perfect Competition187 Questions
Exam 23: Monopoly195 Questions
Exam 24: Monopolistic Competition Oligopoly and Game Theory172 Questions
Exam 25: Government and Product Markets Antitrust and Regulation158 Questions
Exam 26: Factor Markets With Emphasis on the Labor Market184 Questions
Exam 27: Wages Unions and Labor138 Questions
Exam 28: The Distribution of Income and Poverty99 Questions
Exam 29: Interest Rent and Profit198 Questions
Exam 30: Market Failure Externalities Public Goods and Asymmetric Information187 Questions
Exam 31: Public Choice and Special Interest Group Politics135 Questions
Exam 32: Building Theories to Explain Everyday Life From Observations to Questions to Theories to Predictions62 Questions
Exam 33: International Trade152 Questions
Exam 34: International Finance122 Questions
Exam 35: The Economic Case for and Against Government Five Topics Considered87 Questions
Exam 36: Stocks Bonds Futures and Options110 Questions
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According to public choice theorists, the behavior of people employed in the public sector is likely to differ from the behavior of people employed in the private sector because
(Multiple Choice)
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One implication of the median voter model is that a candidate is likely to label himself __________ and his or her opponent as __________.
(Multiple Choice)
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A college professor berates his political science students for being uninformed on current political and government issues. For example, most of them do not know who represents them in the U.S. House of Representatives. He tells his students that they will never get very far in life by staying so uninformed and uninterested. The professor is probably overlooking the fact that
(Multiple Choice)
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Society as a whole is made worse off by rent seeking behavior by producers.
(True/False)
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A political candidate running in a two-person race is likely to occupy
(Multiple Choice)
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Special interest groups often engage in rent seeking, which is a socially wasteful activity.
(True/False)
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Which of the following statements about a political campaign is false?
(Multiple Choice)
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A candidate who understands that in a two-person race the person closer to the center of the voter distribution will win is likely to
(Multiple Choice)
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According to public choice theory, low voter turnouts may be the result of cost-benefit calculations on the part of voters.
(True/False)
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Special interest groups are subsets of __________ that hold (usually) intense preferences for or against a particular government service, activity, or policy.
(Multiple Choice)
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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.
(Essay)
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Exhibit 31-2
-Refer to Exhibit 31-2-(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)
(Multiple Choice)
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A different result may occur from simple-majority voting together with equal tax shares compared to the result with simple-majority voting with unequal tax shares.
(True/False)
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Grown children fawning over an elderly parent in order to try to secure a larger inheritance is an example of
(Multiple Choice)
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Rational ignorance refers to voter-citizens choosing to be uninformed about politics and government on an individual basis because
(Multiple Choice)
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Exhibit 33-4
-Refer to Exhibit 33-4. The opportunity cost of one unit of good B is __________ for country 1 and __________ for country 2.
(Multiple Choice)
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The state of choosing not to acquire information because the costs of acquiring the information are greater than the benefits is referred to as
(Multiple Choice)
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