The _____ of an income tax comes from the _____ effect. a. excess burden; substitution b. excess burden; income c. excess benefits; substitution d. excess benefits; income ANSWER a
Date: September 9th, 2020
Which of the following statements is an example of agenda control? a. A governor vetoes a concealed carry law. b. A state legislature puts on the ballot a $500 million high-tech infrastructure initiative. c. A state education department implants a federal education law. d. A private citizen sues to prevent her home being taken through […]
Date: September 9th, 2020
Adding members to a military alliance _____ a. will always strengthen the alliance b. will cause the alliance to dissolve c. might weaken the alliance d. will always weaken the alliance ANSWER c
Date: September 9th, 2020
Military force is most effective _____ a. when a country’s army has superior numbers b. when a country’s navy is superior c. if it causes the other side to back down d. if it causes the other side to waste resources ANSWER c
Date: September 9th, 2020
If everyone could participate in the logrolling process at low cost, _____. a. then logrolling would allocate resources efficiently b. the political benefits to politicians would fall c. political exchange would no longer be important d. decision-making costs would be astronomical ANSWER a
Date: September 9th, 2020
Increased United States military expenditures and action in response to the terrorist attacks of September 11, 2001 suggest that military officials in the United States _____. a. could not wait to go to war b. view the War on Terror as a negative externality c. believe that military expenditures can act as a deterrent d. […]
Date: September 9th, 2020
Tax paid on income from a rental property represents _____. a. a consumption tax b. double taxation c. progressive taxation d. estate taxation ANSWER b
Date: September 9th, 2020
The legislature is equivalent to a political market because _____. a. legislators are akin to price takers b. policies can be bought and sold c. legislators can be bought and sold d. logrolling allows legislators to trade amongst themselves ANSWER d
Date: September 9th, 2020
An arms race is an example of a _____. a. positive externality b. inframarginal positive externality c. Coasean solution d. prisoners’ dilemma ANSWER d
Date: September 9th, 2020
Sarah buys little stuffed animals for $5 each. They come in different varieties. If the producer stops making (retires) a certain variety, a stuffed animal of that variety will be worth $100; otherwise it is worth $0. There is 25% chance that any variety will be retired. For the purchase of an individual animal, what […]
Date: September 9th, 2020
