A process of _____ among candidates in a representative democracy leads to the outcome preferred by the median voter. a. cheating b. political competition c. bargaining d. log-rolling ANSWER b
Date: September 9th, 2020
The general trend in health care policy during the twentieth century has been _____. a. towards preventing the spread of communicable diseases b. towards ensuring that pharmaceuticals and physicians are well-regulated c. focused on general health care expenditures d. focused on general public health issues ANSWER c
Date: September 9th, 2020
Which graph in the above figure best represents a good that is an inferior good at some income levels, and a normal good at other income levels? A) Graph A B) Graph B C) Graph C D) Graph D ANSWER A
Date: September 9th, 2020
The median voter model predicts that in a representative democracy _____. a. party platforms will converge to one preferred by the median voter b. successful politicians will emulate the median voter c. third parties will not exist d. successful politicians come from the median political party ANSWER a
Date: September 9th, 2020
_____ prefer a quota to an import tax. a. Foreign producers b. Importers c. Consumers d. Foreign consumers ANSWER b
Date: September 9th, 2020
Even though Mary’s income is very low, she makes sure that she purchases enough milk for her family to drink. As her income rises, she does buy more milk. Which graph in the above figure best represents Mary’s Engel curve for milk? A) Graph A B) Graph B C) Graph C D) Graph D […]
Date: September 9th, 2020
In developed countries, tariffs are generally imposed _____. a. because they generate a large portion of federal revenue b. because they discourage imports c. because they are equitable d. because they are efficient ANSWER b
Date: September 9th, 2020
Until 1987, the primary role of the federal government with regard to public health was _____. a. to regulate the interstate movements of physicians b. to regulate medicines to ensure a minimal level of quality c. to control epidemics through the control and quarantine of ports of entry d. to pay for the health care […]
Date: September 9th, 2020
A general sales tax comes close to _____. a. meeting the budget needs of state governments b. approximating a consumption tax c. approximating an income tax d. a perfectly regressive tax ANSWER c
Date: September 9th, 2020
_____ prefer an import tax to a quota. a. Taxpayers b. Domestic producers c. Foreign producers d. Consumers ANSWER a
Date: September 9th, 2020
