Question 1

If rent seeking was,on average,a losing proposition,_____.

Accepted Answer

A)  rent seekers would exit rent seeking until losses from rent seeking equaled zero
B)  rent seeking would stop because it was no longer profitable
C)  rent seekers would increase competition for scarce benefits
D)  rent seeker would exit rent seeking until there is a normal rate of return to rent seekingE) A) and C)
F) B) and D)

Question 2

If government is to allocate resources efficiently,_____.

Accepted Answer

A)  competition among local governments should be limited in scope
B)  local governments should transfer powers to state governments whenever possible
C)  public goods should always be provided by the federal government
D)  public goods should be devolved to local governments whenever feasibleE) A) and B)
F) A) and C)

Question 3

The geographic organization of the U.S.Congress into districts _____.

Accepted Answer

A)  sometimes encourages and sometimes discourages the representation of special interests depending upon the shape of the size of the government program
B)  has no relationship to the representation of special interests
C)  discourages the representation of special interests
D)  encourages the representation of special interestsE) B) and D)
F) A) and B)

Question 4

The welfare costs of rent seeking will approximate _____.

Accepted Answer

A)  the value of the resources expended in lobbying
B)  the deadweight loss of taxation
C)  the value of the rent-seeking benefits
D)  zero if political markets are perfectly competitiveE) A) and D)
F) A) and B)

Question 5

The legislature is at a bargaining disadvantage because it receives most,if not all,of its information about the bureaucracy from the bureaucracy.

Accepted Answer

A) True 
 B)False

Question 6

If everyone could participate in the logrolling process at low cost,_____.

Accepted Answer

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 astronomicalE) A) and B)
F) A) and C)

Question 7

In most elections,_____ impedes political exchange

Accepted Answer

A)  low transactions costs
B)  uncertainty
C)  the secret ballot
D)  special interestsE) A) and B)
F) A) and C)

Question 8

Other things equal,the more individuals in a special interest group,the more effect that special interest will be in securing political benefits.

Accepted Answer

A) True 
 B)False

Question 9

Special interests have an incentive to become informed about a policy from which they could receive concentrated benefits.Since other voters remain rationally ignorant of the policy,the special interests will have considerable influence in the legislature.Will special interests receive everything they want from the legislature? Why or why not? How will the legislature determine what the special interests will receive?

Accepted Answer

Special interests will not likely get ev...

Question 10

As a result of the bargaining advantages enjoyed by bureaus,they will generally have budgets that are ____.

Accepted Answer

A)  are larger than optimal
B)  are smaller than optimal
C)  optimal
D)  unable to be characterized in a general mannerE) C) and D)
F) A) and C)

Exam 9: Supply and Demand in Political Markets

The geographic organization of the U.S.Congress into districts _____.

Correct Answer
verified

Other things equal,the more individuals in a special interest group,the more effect that special interest will be in securing political benefits.

Correct Answer
verified

If government is to allocate resources efficiently,_____.

Correct Answer
verified

Correct Answer
verified
Special interests will not likely get ev...
View Answer

As a result of the bargaining advantages enjoyed by bureaus,they will generally have budgets that are ____.

Correct Answer
verified

If everyone could participate in the logrolling process at low cost,_____.

Correct Answer
verified

If rent seeking was,on average,a losing proposition,_____.

Correct Answer
verified

The legislature is at a bargaining disadvantage because it receives most,if not all,of its information about the bureaucracy from the bureaucracy.

Correct Answer
verified

The welfare costs of rent seeking will approximate _____.

Correct Answer
verified

In most elections,_____ impedes political exchange

Correct Answer
verified

Exam 9: Supply and Demand in Political Markets

The geographic organization of the U.S.Congress into districts _____.

Correct AnswerverifiedShow Answer

Other things equal,the more individuals in a special interest group,the more effect that special interest will be in securing political benefits.

Correct AnswerverifiedShow Answer

If government is to allocate resources efficiently,_____.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedSpecial interests will not likely get ev...View AnswerShow Answer

As a result of the bargaining advantages enjoyed by bureaus,they will generally have budgets that are ____.

Correct AnswerverifiedShow Answer

If everyone could participate in the logrolling process at low cost,_____.

Correct AnswerverifiedShow Answer

If rent seeking was,on average,a losing proposition,_____.

Correct AnswerverifiedShow Answer

The legislature is at a bargaining disadvantage because it receives most,if not all,of its information about the bureaucracy from the bureaucracy.

Correct AnswerverifiedShow Answer

The welfare costs of rent seeking will approximate _____.

Correct AnswerverifiedShow Answer

In most elections,_____ impedes political exchange

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Special interests will not likely get ev...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified