In general, the medium voter model can be described as a powerful model for _____. a. analyzing demand for public goods b. analyzing the dynamics of business cycles c. analyzing demand aggregation in a democracy d. analyzing the supply of politicians ANSWER c
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
Government clean up toxic waste sites is _____. a. justified on public good grounds b. justified on externality grounds c. justified on equity grounds d. justified on technical monopoly grounds ANSWER a
Date: September 9th, 2020
The referendum version of the median voter model concludes that _____. a. by decreasing output slowly, the median voter will adjust her preferences to those of the ballot organizer b. by increasing output slowly, the median voter will adjust her preferences to those of the ballot organizer c. the outcome preferred by the median voter […]
Date: September 9th, 2020
