Question 1

Government is inherently bad.

Accepted Answer

A) True 
 B)False

Question 2

Under certain assumptions,the actions of elected officials mimic the wishes of the median voter.

Accepted Answer

A) True 
 B)False

Question 3

Voter fraud

Accepted Answer

A) can have a detrimental effect on the political process. 
B) is easily detected. 
C) is defined as trading votes to pass certain political agenda items. 
D) is more likely to occur in dictatorial political frameworks. 
A) can have a detrimental effect on the political process. 
B) is easily detected. 
C) is defined as trading votes to pass certain political agenda items. 
D) is more likely to occur in dictatorial political frameworks.

Question 4

Special interest groups are a determent to the political process.

Accepted Answer

A) True 
 B)False

Question 5

The Economic Stimulus Act of 2008 offered

Accepted Answer

A) zero pay-as-you go offsets. 
B) varying pay-as-you go offsets. 
C) formula driven pay-as-you go offsets. 
D) none of the above. 
A) zero pay-as-you go offsets. 
B) varying pay-as-you go offsets. 
C) formula driven pay-as-you go offsets. 
D) none of the above.

Question 6

Government bureaucrats want larger budgets

Accepted Answer

A) because salaries are sometimes tied to budget size. 
B) to fulfill an "empire building" tendency. 
C) because it may be necessary to ensure marginal benefits of output equal marginal costs. 
D) because of all of the above. 
A) because salaries are sometimes tied to budget size. 
B) to fulfill an "empire building" tendency. 
C) because it may be necessary to ensure marginal benefits of output equal marginal costs. 
D) because of all of the above.

Question 7

What should be the priority of politicians? Should they be mainly concerned with conveying and voting the wishes of the people that they represent? Should they be mainly concerned with standing for positions that they feel strongly about? Should they be mainly concerned with securing reelection?

Accepted Answer

All three issues are valid and must be d

Question 8

Most economists - both liberals and conservatives - believe a balanced budget amendment is an ill-conceived idea.

Accepted Answer

A) True 
 B)False

Question 9

Government growth has been caused by

Accepted Answer

A) citizens who want larger government. 
B) lots of public lands available in the West. 
C) increases in privatization. 
D) inflation. 
A) citizens who want larger government. 
B) lots of public lands available in the West. 
C) increases in privatization. 
D) inflation.

Question 10

The median voter must have preferences that reflect those of all people in the community.

Accepted Answer

A) True 
 B)False

Question 11

Applying economic principles to the analysis of political decision making is political economy.

Accepted Answer

A) True 
 B)False

Question 12

Suppose there were three candidates running for office: Dewey,Cheatum,and Howe.Suppose a majority of voters preferred Cheatum to Dewey.Does this mean that a majority of voters preferred Howe to Dewey?

Accepted Answer

Suppose there are three voters

Question 13

When each individual has consistent preferences,but those of the community are not consistent,it is known as

Accepted Answer

A) agenda manipulation. 
B) majority rule. 
C) voting paradox. 
D) logrolling. 
A) agenda manipulation. 
B) majority rule. 
C) voting paradox. 
D) logrolling.

Question 14

A person prefers large and small levels of national defense to medium-sized levels of national defense.This person

Accepted Answer

A) is violating the law of transitivity. 
B) has single-peaked preferences. 
C) has multiple-peaked preferences. 
D) can not achieve his or her most-preferred outcome. 
A) is violating the law of transitivity. 
B) has single-peaked preferences. 
C) has multiple-peaked preferences. 
D) can not achieve his or her most-preferred outcome.

Question 15

Logrolling is

Accepted Answer

A) a system used often at lumberjack contests. 
B) a system that will always lead to worthy projects getting funded. 
C) a system that involves the trading of votes. 
D) a system that generally involves double-peaked preferences. 
A) a system used often at lumberjack contests. 
B) a system that will always lead to worthy projects getting funded. 
C) a system that involves the trading of votes. 
D) a system that generally involves double-peaked preferences.

Question 16

The possibility of multiple-peaked preferences can not be ruled out.

Accepted Answer

A) True 
 B)False

Question 17

In Figure 6.4 in your textbook,there is an illustration of Niskanen's model of bureaucracy.Suppose housing costs are measured by the function C = Q2.Suppose further that value is measured by V = Q1/2.What is the actual level of output in this case?

Accepted Answer

Government is inherently bad.

Under certain assumptions,the actions of elected officials mimic the wishes of the median voter.

Voter fraud

Special interest groups are a determent to the political process.

The Economic Stimulus Act of 2008 offered

Government bureaucrats want larger budgets

What should be the priority of politicians? Should they be mainly concerned with conveying and voting the wishes of the people that they represent? Should they be mainly concerned with standing for positions that they feel strongly about? Should they be mainly concerned with securing reelection?

Most economists - both liberals and conservatives - believe a balanced budget amendment is an ill-conceived idea.

Government growth has been caused by

The median voter must have preferences that reflect those of all people in the community.

Applying economic principles to the analysis of political decision making is political economy.

Suppose there were three candidates running for office: Dewey,Cheatum,and Howe.Suppose a majority of voters preferred Cheatum to Dewey.Does this mean that a majority of voters preferred Howe to Dewey?

When each individual has consistent preferences,but those of the community are not consistent,it is known as

A person prefers large and small levels of national defense to medium-sized levels of national defense.This person

Logrolling is

The possibility of multiple-peaked preferences can not be ruled out.

In Figure 6.4 in your textbook,there is an illustration of Niskanen's model of bureaucracy.Suppose housing costs are measured by the function C = Q².Suppose further that value is measured by V = Q^1/2.What is the actual level of output in this case?

Introduction

Tools of Positive Analysis

Tools of Normative Analysis

Public Goods

Externalities

Education

Cost-Benefit Analysis

The Health Care Market

Government and the Market for Health Care

Social Security

Income Redistribution: Conceptual Issues

Expenditure Programs for the Poor

Taxation and Income Distribution

Taxation and Efficiency

Efficient and Equitable Taxation

The Personal Income Tax

Personal Taxation and Behavior

The Corporation Tax

Deficit Finance

Fundamental Tax Reform: Taxes on Consumption and Wealth

Public Finance in a Federal System

Filters

Exam 6: Political Economy

Government is inherently bad.

Under certain assumptions,the actions of elected officials mimic the wishes of the median voter.

Voter fraud

Special interest groups are a determent to the political process.

The Economic Stimulus Act of 2008 offered

Government bureaucrats want larger budgets

What should be the priority of politicians? Should they be mainly concerned with conveying and voting the wishes of the people that they represent? Should they be mainly concerned with standing for positions that they feel strongly about? Should they be mainly concerned with securing reelection?

Most economists - both liberals and conservatives - believe a balanced budget amendment is an ill-conceived idea.

Government growth has been caused by

The median voter must have preferences that reflect those of all people in the community.

Applying economic principles to the analysis of political decision making is political economy.

Suppose there were three candidates running for office: Dewey,Cheatum,and Howe.Suppose a majority of voters preferred Cheatum to Dewey.Does this mean that a majority of voters preferred Howe to Dewey?

When each individual has consistent preferences,but those of the community are not consistent,it is known as

A person prefers large and small levels of national defense to medium-sized levels of national defense.This person

Logrolling is

The possibility of multiple-peaked preferences can not be ruled out.

In Figure 6.4 in your textbook,there is an illustration of Niskanen's model of bureaucracy.Suppose housing costs are measured by the function C = Q2.Suppose further that value is measured by V = Q1/2.What is the actual level of output in this case?

Introduction

Tools of Positive Analysis

Tools of Normative Analysis

Public Goods

Externalities

Education

Cost-Benefit Analysis

The Health Care Market

Government and the Market for Health Care

Social Security

Income Redistribution: Conceptual Issues

Expenditure Programs for the Poor

Taxation and Income Distribution

Taxation and Efficiency

Efficient and Equitable Taxation

The Personal Income Tax

Personal Taxation and Behavior

The Corporation Tax

Deficit Finance

Fundamental Tax Reform: Taxes on Consumption and Wealth

Public Finance in a Federal System

Filters

In Figure 6.4 in your textbook,there is an illustration of Niskanen's model of bureaucracy.Suppose housing costs are measured by the function C = Q².Suppose further that value is measured by V = Q^1/2.What is the actual level of output in this case?