Question 1

Legislation that provides a subsidies for tobacco growers is an example of

Accepted Answer

A) public-interest legislation 
B) competing-interest legislation 
C) a positive-sum game 
D) special-interest legislation 
E) concentrated-costs legislation 
A) public-interest legislation 
B) competing-interest legislation 
C) a positive-sum game 
D) special-interest legislation 
E) concentrated-costs legislation

Question 2

One result of voters' rational ignorance is that

Accepted Answer

A) cyclical majorities are more common 
B) vote trading is common 
C) majority rules 
D) special interests often dominate legislation 
E) members of Congress go along with whatever their constituents want 
A) cyclical majorities are more common 
B) vote trading is common 
C) majority rules 
D) special interests often dominate legislation 
E) members of Congress go along with whatever their constituents want

Question 3

Special-interest legislation is characterized by

Accepted Answer

A) concentrated costs and concentrated benefits 
B) concentrated benefits and widespread costs 
C) widespread benefits and widespread costs 
D) widespread benefits and concentrated costs 
E) zero costs 
A) concentrated costs and concentrated benefits 
B) concentrated benefits and widespread costs 
C) widespread benefits and widespread costs 
D) widespread benefits and concentrated costs 
E) zero costs

Legislation that provides a subsidies for tobacco growers is an example of

One result of voters' rational ignorance is that

Special-interest legislation is characterized by

The Art and Science of Economic Analysis

Appendix--Understanding Graphs

Economic Tools and Economics Systems

Economic Decision Makers

Demand, Supply, and Markets

Elasticity of Demand and Supply

Appendix--Price Elasticity and Tax Incidence

Consumer Choice and Demand

Appendix--Indifference Curves and Utility Maximization

Production and Cost in the Firm

A--Perfect Competition

B--Perfect Competition

A--Monopoly

B--Monopoly

Monopolistic Competition and Oligopoly

Resource Markets

Labor Markets and Labor Unions

Capital, Interest, and Corporate Finance

Transaction Costs, Imperfect Information, and Behavioral Economics

Economic Regulation and Antitrust Policy

Externalities and the Environment

Income Distribution and Poverty

International Trade

International Finance

Economic Development

Filters

Exam 16: Public Goods and Public Choice

Legislation that provides a subsidies for tobacco growers is an example of

One result of voters' rational ignorance is that

Special-interest legislation is characterized by

The Art and Science of Economic Analysis

Appendix--Understanding Graphs

Economic Tools and Economics Systems

Economic Decision Makers

Demand, Supply, and Markets

Elasticity of Demand and Supply

Appendix--Price Elasticity and Tax Incidence

Consumer Choice and Demand

Appendix--Indifference Curves and Utility Maximization

Production and Cost in the Firm

A--Perfect Competition

B--Perfect Competition

A--Monopoly

B--Monopoly

Monopolistic Competition and Oligopoly

Resource Markets

Labor Markets and Labor Unions

Capital, Interest, and Corporate Finance

Transaction Costs, Imperfect Information, and Behavioral Economics

Economic Regulation and Antitrust Policy

Externalities and the Environment

Income Distribution and Poverty

International Trade

International Finance

Economic Development

Filters