Can you pass the most challenging exam on economics? For this quiz, you should recognize what public choice refers to, what is a public choice theorist, what tends to happen with the left side in politics, and would a person take the right amount of time and consideration when learning about the issues of the United States Senate. This economics quiz has a political angle to it. You must take this quiz.
The decisions and decision-making processes that individuals go through to solve public problems.
Political decisions made in the interest of the public at large.
The application of economic principles and tools to public-sector decision making.
The process that individuals undergo to decide what goods and services they will purchase and consume.
The process that individuals undergo to decide whether or not they will pursue a career government service.
Relative prices.
Government decision making.
Marketing techniques.
Consumer surveying.
People in the two sectors have different motives.
The two sectors have different institutional arrangements.
Government employees do not act in their own self-interest.
There are economies of scale in the market sector.
There is no such thing as a "good" or "bad" person.
It does not matter whether a person is "good" or "bad."
There are both "good" and "bad" persons, and some of each work for government and for business.
Generally "good" persons work for government because they want to serve the public, and generally "bad" persons work for business because they are greedy and want to make profits at the expense of consumers.
Generally "bad" persons work for government because they want to serve the needs of special-interest groups, and generally "good" persons work for business because they want to produce goods that people consume.
They want to fit in and be liked by their fellow workers.
They are acting rationally by weighing the costs and benefits of certain behavior in different work settings.
They feel that if they change jobs, they should also change their behavior.
Their new boss tells them it is in their best interest.
Too far to the left
Too far to the right
Too much of a middle-of-the-roader
An unknown quantity
Modify his or her position so that it is more like that of his or her opponent.
Modify his or her position so that it is less like that of his or her opponent.
Become more specific in discussing the issues.
Label his or her opponent as a middle-of-the-roader.
The project will never be undertaken if the costs exceed the benefits.
The project may be undertaken even though the total costs exceed the total benefits.
The intensity of individual preferences is taken into account.
The project will always be undertaken if the total benefits exceed the total costs.
For; for; for; for
Against; for; against; against
For; against; against; against
For; against; for; for
None of the above
Be spent, even though the total benefits are less than the total costs.
Not be spent, since more persons are against the project than are for it.
Be spent, since the total benefits are greater than the total costs.
Not be spent, since the total benefits are less than the total costs.
Be purchased because more persons are for it than against it.
Be purchased because the total benefits are greater than the total costs.
Not be purchased even though total benefits exceed total costs.
Not be purchased because the total costs are greater than the total benefits.
Rationally ignorant.
Not acting in their own best interests.
Members of special-interest groups.
Shortsighted.
The Senate race, because it is critical that we elect the right people to government.
The car, but there is no rational reason for this.
The Senate race, because the person who is elected senator today may become president tomorrow.
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.
Attempt to influence government officials for the benefit of the general population.
Choose to be rationally ignorant because they are interested only in things that the government is not concerned with.
Are on the fringes of the political spectrum.
A and c
None of the above
Produce quite different policy proposals.
Have very similar policy proposals.
Find ways to clearly distinguish themselves in order to give voters a clear choice.
A and c
None of the above
Choosing political platforms to appeal to special interests.
Trading votes to gain support for legislation.
Choosing political platforms to appeal to the "middle-of-the-road" voter.
Gathering votes by pretending to support policies that appeal to voters.
C and d
One candidate will move to the far right of the political spectrum while the other moves to the far left.
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.
Both candidates will move to the far right end of the political spectrum.
Both candidates will move to the far left end of the political spectrum.
Both candidates will move toward the middle of the political spectrum.
Of apathy.
Of ignorance.
Of laziness.
They believe the benefits of becoming informed are greater than the costs.
They believe the benefits of becoming informed are less than the costs.
The general population
Bureaucrats
Elected officials
Candidates for political office
All of the above
Cutting "red tape."
Chasing the median voter.
Rational ignorance.
Logrolling.
Of voter A.
Halfway between that of voter G and that of voter A.
Of voter C.
Of voter B.
Of voter G and voter I, respectively.
Of voter B.
Of voters C and A, respectively.
Halfway between voter C and voter A.
Halfway between voter B and voter A.
Halfway between voter C and voter B, for one candidate, and of voter A for the other.
Of voters K and G, respectively.
Of voters H and J, respectively.
Of voters I and A, respectively.
Of voter E.
A U.S. senator.
A worker at the Department of Motor Vehicles.
The head of the National Park Service.
All of the above
B and c
Perfect competition
Monopolistic competition
Oligopoly
Monopoly.
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