Exam 19: Debates in Macroeconomics Over the Role and Effects of Government

It has been suggested by some economists that rent seeking activity often occurs within families,particularly when an inheritance is involved.

A state of rational ignorance

A subset of the general population that holds an intense preference with respect to a particular government activity is called a

It has often been remarked that Democratic candidates are more liberal in the Democratic primaries and Republican candidates are more conservative in the Republican primaries than either is in the general election.The explanation for this is most probably that

Special interest groups often engage in rent seeking,which is a socially wasteful activity.

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

Which of the following statements is false?

The simple majority decision rule may generate results that are

Simple majority rule will almost always generate efficient outcomes.

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

Rational ignorance refers to voter-citizens choosing to be uninformed about politics and government on an individual basis because

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

In his article Straight Talk About Economic Literacy,economist _______________________ said,"Citizens can vote even if they have no idea what they are doing.If enough voters fit that description,democratic governments are bound to make foolish decisions."

Persons who choose not to become informed on political and governmental matters because they feel that the costs of becoming informed exceed the benefits of becoming informed are

Constitutional economists

Rational ignorance is

Logrolling refers to the

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 __________.

Logrolling consists of

Rent seeking is the actions of