Multiple Choice
Which of the following is a crude but efficient mechanism that promotes efficiency in the provision of public goods by bureaus?
A) voting with feet
B) arbitrage
C) pork-barrel spending
D) competing-interest legislation
E) special-interest legislation
Correct Answer:
Verified
Correct Answer:
Verified
Q61: As information and the time required to
Q62: Under representative democracy,_<br>A)the preferences of a median
Q63: A large U.S.steel firm wants to restrict
Q64: Which of the following is an example
Q65: Public goods are _<br>A)rival and nonexclusive.<br>B)exclusive and
Q67: Suppose a citizen concludes that he has
Q68: Exhibit 16.3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1208/.jpg" alt="Exhibit 16.3
Q69: Budget maximization by government bureaus results in
Q70: Exhibit 16.5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1208/.jpg" alt="Exhibit 16.5
Q71: Rent seeking is a zero-sum game because