Exam 6: The Economics of Collective Decision-Making

Public choice theory indicates that representative government yields outcomes more consistent with economic efficiency when a close relationship exists between the benefits received and the costs borne by each voter.Which of the following methods of financing a government program will most likely result in a close relationship between voter benefits and costs?

The term pork-barrel legislation refers to

Is calling a voter rationally ignorant the same as calling her irrational? Explain.

Economists use the term shortsightedness effect to describe which one of the following phenomena?

The branch of economics that applies the principles and methodology of economics to the operation of the political process is known as

Public choice theory suggests politicians will be most likely to favor redistribution of income from

Which of the following is true of government activities under a system of representative democracy?

Which of the following factors weakens the case for private-sector provision of goods and services as opposed to public-sector provision?

Which of the following is an example of a transfer payment?

Under democratic representative government,spending on a government program will likely be larger than the amount consistent with economic efficiency when

According to public choice theory,which of the following groups will likely benefit the most from government income transfers under a system of representative democracy?

According to the Bureau of Economic Analysis,government income transfer payments amounted to approximately what percent of national income?

Despite being a college graduate,Jack Adams cannot name any of his representatives in Congress and he has no idea which issues are being debated and voted on this week in Congress.According to public choice analysis,Jack is

Which of the following is true?

Economists refer to the lack of incentive that voters have to search for and obtain information to help make better political choices as the

The term logrolling describes

Which of the following is a distinguishing characteristic of a user charge?

Market allocation and the political process differ in that

Most voters will likely be concerned with

Measured as a share of national income,government expenditures on income transfers during the last 70 years have