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

Which of the following persons is most likely to become informed on the National Endowment for the Arts?

Which of the following statements is a public choice economist most likely to agree with?

Society as a whole is made worse off by rent seeking behavior by producers.

Which of the following is false?

Public choice refers to

A public choice theorist would be most likely to say that government failure is a consequence of the

Competition for votes between two political parties will cause those parties to

Special interest groups are subsets of the general population that

One implication of the median voter model is that candidates running for political office take polls because

Which of the following is a prediction of the median voter model for a two person political race?

Public choice theorists assert that persons who change jobs from,say,a government position to a business position,sometimes alter their work behavior and attitudes because

The voting outcome and the most preferred outcome of the median voter are the same in a simple majority vote where there are several options from which to choose.

Special interest groups are usually

In the median voter model,we assume that

Special interest groups

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

"My opponent in this election says she wants a balanced federal budget,but won't say how it would be achieved." This candidate is trying to

Candidates in a two-person race express very similar positions a few weeks before the election.A voter complains that there is not much difference between the two candidates.What this voter misunderstands or ignores is that

Exhibit 32-4 -Refer to Exhibit 32-4.If producers of this good engage in rent seeking which results in the government imposing a price floor of P₂,then consumers' surplus ends up being area