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

If it is assumed that people vote for the candidate who comes closer to matching their own views,to win votes in a two-person race

Exhibit 32-4 -Refer to Exhibit 32-4.Suppose that producers of this good engage in rent seeking which results in the government imposing a price floor of P₂.The gain in producers' surplus that occurs due to the price floor is

Under certain circumstances,a congressional district may be a special interest group.

Political candidates in a two-person race prefer to be viewed as occupying the center of the political distribution because

Congressman A promises to vote for a bill that Congressmen B and C are sponsoring,and in return both B and C promise to vote for a future bill that A is sponsoring.This practice is called

According to public choice theory,low voter turnouts are the result of voters

Which of the following statements about a political campaign is false?

Would we expect the "average" person to take more time to learn about the car he or she is considering purchasing or about the issues in the upcoming U.S.Senate race in his or her state?

Public choice is concerned with decision making by

Grown children fawning over an elderly parent in order to try to secure a larger inheritance is an example of

Public choice deals exclusively with business decisions.

Rational ignorance exists primarily because

According to public choice theorists,the behavior of people employed in the public sector is likely to differ from the behavior of people employed in the private sector because

Logrolling

Public choice theorists say that the greater the number of potential voters in an election,the __________ the perceived benefits of voting held by each voter,and so the __________ the likely percentage turnout of voters.

A politician running for political office does not speak in general terms,does not try to move to the middle of the political spectrum,and does not take polls,therefore it follows that

According to public choice theorists,people behave differently in the market sector than in the public sector because

The median voter model predicts that

Suppose that a federal election is coming soon and the government has been running persistent large budget deficits.Constitutional economists would most likely urge ___________________ in order to eliminate future budget deficits.

One U.S.Senator promises to vote for a measure that another U.S.Senator wants only if the favor is returned in kind.This is an example of