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

In the early 19th century,the main lobbyists behind passage of the Factory Acts were the women and children who were being exploited.

According to public choice theorists,people in the market sector and people in the public sector have __________,and (but)sometimes act differently because of different __________ arrangements in the two sectors.

Logrolling refers to

Suppose candidate A is conservative and candidate B is liberal and both are currently positioned away from the "middle ground" toward their respective ends of the political spectrum.We would expect that as the campaign draws closer to election day,

"In two hours the polls will close.I know I should probably vote,but it is raining,and besides,there is a basketball game on TV tonight,so I'll just stay in." This person is exhibiting

Often,candidates running for political office will speak in general terms instead of specific terms because voters agree more on __________ than __________.

Rent seeking is more likely to occur in a family when the parents make their inheritance plans clear by telling the children ahead of time that their estate will be divided equally among the children (and that under no circumstances will the parents change their minds)than when there is more uncertainty with regards to the parents' inheritance plans.

Political candidates running for the same office tend to voice

During an election,a candidate who is not doing as well in the polls as his or her opponent will

When a decision is made based on a simple majority vote it is possible for the total benefits to the community of this decision to be less than the total costs to the community of this decision.

Simple majority rule can generate inefficient outcomes because

Which of the following is false?

Rational (political)ignorance refers to

Rational ignorance exists because voters are apathetic.

In a simple majority vote,the losses to the losers are greater than the gains to the winners.It follows that the

Low voter turnouts that appear to be a result of voter apathy may instead be a result of

According to the median voter model,a candidate (in a two-person race)is more likely to label himself or herself a "middle-of-the-roader" than a conservative or liberal because

What is the median voter model? Describe four different ways in which this theory is predicted to impact the behavior of political candidates.

Simple majority voting will generate the same result whether taxes are equally divided or unequally divided.

Which of the following predictions is consistent with public choice theory?