The median voter model explanation for the landside victory of Ronald Reagan over Walter Mondale is that _____. a. Reagan was far closer to the median voter than Mondale b. Reagan was far more charismatic than Mondale c. Reagan was able to use the power of incumbency to overwhelm Mondale d. Reagan was able to […]
Date: September 9th, 2020
Turnover taxes are inefficient because _____. a. they are easy to avoid b. they violate the ability-to-pay principle c. they violate the benefit principle d. they tax the same good multiple times ANSWER d
Date: September 9th, 2020
The median voter model suggests that _____. a. extreme candidates are unlikely to change positions over time b. extreme candidates have an easier time winning election because of the fervor of their supporters c. extreme candidates will have a difficult time winning election d. extreme candidates will be able to move a party’s platform to […]
Date: September 9th, 2020
The source of the adverse selection problem is ______. a. that individuals with high incomes are able to pay all medical costs out-of-pocket b. that individuals least likely to need health care do not purchase insurance c. individuals lack important information regarding the appropriate health care for them d. individuals desire to have comprehensive health […]
Date: September 9th, 2020
Value added taxes _____. a. have the same tax base as a consumption tax b. have the same tax base as an estate tax c. have the same tax base as a retail sales tax d. have the same tax bas as an income tax ANSWER c
Date: September 9th, 2020
The increase in extremely expensive lifesaving treatments is a primary cause of the rise in health insurance because _____. a. people want to protect against low probability, expensive events b. people view insurance as a down payment on a predicable event c. people want to protect against low probability, inexpensive events d. individuals want to […]
Date: September 9th, 2020
Political competition between candidates, especially attempts to paint one’s opponent as being extreme, shows that _____. a. the way to be a successful politician is to fight dirty b. cyclical majorities will never exist c. there is an opportunity for third parties d. politicians implicitly accept the validity of the median voter model ANSWER […]
Date: September 9th, 2020
We cannot be certain that a general sales tax will decrease labor supply because _____. a. of the effect of lower income on labor supply b. of the effect of higher tax revenue on consumption c. of the effect of the sales tax on labor supply d. we do not know about labor demand […]
Date: September 9th, 2020
Nathan does not vote because he feels as he does not have a real choice. To him, “all politicians are exactly the same.” Which of the following statements might lend some credence to Nathan’s observation? a. In a representative democracy, politicians must appeal to the median voter if they hope to be successful. b. In […]
Date: September 9th, 2020
A major factor in the creation and proliferation of comprehensive health care insurance is _____. a. the health care tax credit b. the tax deductibility of employer-paid health plans c. the tremendous increase in the hard core poor d. the increase in low-cost lifesaving techniques ANSWER b
Date: September 9th, 2020
