If issues can be ranked along a one-dimensional continuum, a successful political candidate will be an individual who is best able to align her political platform to the positions of the median voter. a. True b. False ANSWER a
Date: September 9th, 2020
Consider a situation where a government is deciding between two different taxes on beer. The first tax is $2.88 per case and the second is a tax of one cent per ounce placed on beer. Both are paid by the supplier. Assume both will raise the same amount of revenue this period. Pretend you are […]
Date: September 9th, 2020
Efficiency of the median voter model outcome occurs when _____. a. Lindahl pricing is employed. b. a head tax is used to finance the policy c. progressive taxation is used to finance government d. special interests are non-existent ANSWER a
Date: September 9th, 2020
In a committee, any outcome preferred by any member can win. a. True b. False ANSWER b
Date: September 9th, 2020
Until the creation of the Marine Hospital Service in 1918, the primary role of the federal government in health care was to quarantine ships and control ports to prevent epidemics. a. True b. False ANSWER b
Date: September 9th, 2020
Trade agreements help to lower barriers to trade. a. True b. False ANSWER a
Date: September 9th, 2020
If each voter pays taxes in proportion to her demand, then _____. a. the median voter’s most preferred outcome will definitely occur b. the condition for economic efficiency is satisfied c. special interests will have no power d. political institutions are optimal ANSWER b
Date: September 9th, 2020
A general sales tax is a unit tax placed on all retail sales. a. True b. False ANSWER b
Date: September 9th, 2020
Medical savings accounts _____. a. provide insurance for very small health care expenditures b. provide little accountability for small purchases c. provide catastrophic coverage d. all of the above e. a and b ANSWER c
Date: September 9th, 2020
The median voter model assumes that voters have single-peaked preferences. a. True b. False ANSWER a
Date: September 9th, 2020
