Question 1

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

Accepted Answer

A) one candidate will move to the far right of the political spectrum while the other moves to the far left. 
B) one candidate will move between the middle and far right end of the political spectrum while the other moves between the middle and the far left end. 
C) both candidates will move to the far right end of the political spectrum. 
D) both candidates will move to the far left end of the political spectrum. 
E) both candidates will move toward the middle of the political spectrum.

Question 2

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

Accepted Answer

A) B + C 
B) A + B + C + D + E 
C) A + B + C 
D) C + E 
E) B

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

A) occupying the center is a sign of being a leader. 
B) political candidates usually prefer to maintain the status quo and the center is the status quo. 
C) the electorate is largely in the "wings" (extreme ends)of the political distribution. 
D) whoever comes closer to the center usually wins the election.

Question 5

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

Accepted Answer

A) cutting "red tape." 
B) chasing the median voter. 
C) rational ignorance. 
D) logrolling.

Question 6

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

Accepted Answer

A) being apathetic. 
B) being uninformed. 
C) being lazy. 
D) disliking the candidates. 
E) calculating their costs and benefits of voting.

Question 7

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

Accepted Answer

A) Candidates often label their opponents as either "too far right" or "too far left." 
B) Candidates often call themselves "middle-of-the-roaders" rather than "right-wingers" or "left-wingers." 
C) Candidates often tend to talk about ends rather than means. 
D) Candidates often tend to talk in specific terms rather than general terms about what needs to be done.

Question 8

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?

Accepted Answer

A) The Senate race,because it is critical that we elect the right people to government. 
B) The car,but there is no rational reason for this. 
C) The Senate race,because the person who is elected senator today may become president tomorrow. 
D) The car,because a mistake here can potentially cause him or her more harm on a day-to-day basis;in addition,a person is unlikely to be able to determine the outcome of a Senate race.

Question 9

Public choice is concerned with decision making by

Accepted Answer

A) consumers. 
B) businesses. 
C) government. 
D) foreigners. 
E) consumers and businesses.

Question 10

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

Accepted Answer

A) rent seeking. 
B) logrolling. 
C) rational ignorance. 
D) public choice.

Question 11

Public choice deals exclusively with business decisions.

Accepted Answer

A) True 
 B)False

Question 12

Rational ignorance exists primarily because

Accepted Answer

A) voters are apathetic. 
B) politicians tend to voice the same general views,so there is no reason to learn more about the issues. 
C) the costs of becoming informed outweigh the benefits of doing so. 
D) any of the above

Question 13

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

Accepted Answer

A) the two sectors are likely to attract people of different psychological profiles. 
B) government employees are likely to exhibit more civic responsibility than private-sector employees. 
C) the same objective to maximize one's net benefit will produce different behavior in different institutional settings. 
D) all of the above 
E) a and b

Question 14

Logrolling

Accepted Answer

A) is vote trading among elected officials. 
B) eliminates the influence of special interest groups. 
C) puts downward pressure on federal spending. 
D) b and c 
E) all of the above

Question 15

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.

Accepted Answer

A) greater;lower 
B) greater;higher 
C) smaller;lower 
D) smaller;higher

Question 16

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

Accepted Answer

A) the median voter model is wrong. 
B) rational ignorance does not exist. 
C) the free-rider problem does not exist. 
D) voter turnout is likely to rise. 
E) none of the above

Question 17

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

Accepted Answer

A) the more people there are in the market sector the less influence they are able to exert,whereas the more people there are in the public sector the more influence they are able to exert. 
B) the fewer people there are in the market sector the less influence they are able to exert,whereas the fewer people there are in the public sector the more influence they are able to exert. 
C) self-interest is the motivating force in the market sector,whereas altruism is the motivating force in the public sector. 
D) altruism is the motivating force in the market sector,whereas self-interest is the motivating force in the public sector. 
E) institutional arrangements are different in the two sectors.

Question 18

The median voter model predicts that

Accepted Answer

A) both candidates in a two-person race will definitely move toward the middle of the political spectrum as the election approaches. 
B) the candidate (in a two-person race)closer to the middle of the political spectrum (closer to the median voter)on election day will win the election. 
C) conservatives have a higher probability of winning elections than liberals. 
D) liberals have a higher probability of winning elections than conservatives. 
E) voters will often be rationally ignorant of important political issues.

Question 19

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.

Accepted Answer

A) voters to vote for liberal candidates 
B) voters to vote for conservative candidates 
C) Congress to pass a law constraining them to spend no more than what they are receiving in tax revenues 
D) Congress to remove all constraints on spending and taxes.

Question 20

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

Accepted Answer

A) rational ignorance. 
B) median voter politics. 
C) logrolling. 
D) public interest talk. 
E) none of the above

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

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

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

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.