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Econ434MC14A - Topic 14 Public Choice 1 AM17 A\Public...

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Topic 14 : Public Choice 1) AM17\ A \\Public Choice\1\\ An example of “intellectual imperialism” wherein economic reasoning is applied to areas previously considered outside the domain of the economist is: (a) public choice analysis. (b) the voting theory. (c) analysis of market failure. (d) economic reasoning. 2) AM17\ D \\Public Choice\1\\ NOT among the groups strongly opposed to payments of interest would be: 3) AM17\ A \\Public Choice\1\\ Renowned as one of the more prolific pioneers of modern public-choice theory is the Nobel- prize winning economist: 4) AM17\ B \\Public Choice\1\\ The public choice perspective is central to theories developed by: 5) AM17\ C \\Public Choice\1\\ Public choice is the study of: (a) taxing and government outlays. (b) mob violence as an allocative device. (c) political behavior from an economic perspective. (d) marketing based on public opinion polls. 6) AM17\ C \\Public Choice\2\\ Public choice analysis focuses on such questions as why: Topic 14: Public Choice 1
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7) AM17\ D \\Public Choice\1\\ Public choice analysis assumes that individual behavior in the political arena is essentially: 8) AM17\E\\Public Choice\1\\ The assumption that people are self-interested is probably LEAST applicable for: 9) AM17\ B \\Public Choice\1\\ Traditional economic theory is often narrowly interpreted to include only the private decisions of individuals in the market. Conventional political science typically fails to analyze individuals’ choice behavior, preferring instead to look at groups’ choice behavior. The intersection of these two disciplines, whereby the institutions are those studied in political science, and the method is that studied by economic theory, is known as: (a) politico-economic reaction curves. (b) public choice. (c) the central tendency theorem. (d) rational voting equilibrium. (e) Pareto efficiency.
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