not like to be perceived as either an extreme "right-winger" or an extreme "left- winger." 4 / 4 pts Question 4 A public choice theorist would be most likely to say that government failure is a consequence of the actions of selfish and corrupt politicians. irrational behavior of voters. rational behavior of the participants of the political process. irrational behavior of special interest groups. 4 / 4 pts Question 5 Public choice is concerned with decision making by businesses. consumers. foreigners.
1/2/2020 Module 6 - Graded Quiz: Chapter 31: ECON 210 Microeconomics - Nov 2019 - Online 4/15 government. consumers and businesses. 4 / 4 pts Question 6 "My opponent in this election says she wants a balanced federal budget but won't say how it would be achieved." This candidate is trying to accuse the opponent of going exclusively after the median voter, who is never interested in ends, only means. accuse the opponent of going after the votes of the rationally ignorant. challenge his or her opponent's commitment to balancing the budget. get his or her opponent to say something that will allow a label of "left-wing" or "right-wing" to be attached on her. 4 / 4 pts Question 7 Public choice refers to the decisions and decision-making processes that individuals go through to solve public problems. political decisions made in the interest of the public at large.
1/2/2020 Module 6 - Graded Quiz: Chapter 31: ECON 210 Microeconomics - Nov 2019 - Online 5/15 the process that individuals undergo to decide what goods and services they will purchase and consume. the application of economic principles and tools to public-sector decision making. the process that individuals undergo to decide whether or not they will pursue a career government service. 4 / 4 pts Question 8 Public choice is concerned with consumer surveying. relative prices. marketing techniques. government decision making. 4 / 4 pts Question 9
1/2/2020 Module 6 - Graded Quiz: Chapter 31: ECON 210 Microeconomics - Nov 2019 - Online 6/15 Refer to Exhibit 31-4. If producers of this good engage in rent seeking which results in the government imposing a price floor of P , then consumers’ surplus ends up being area 2 C + E A A + B + C D + E A + B + C + D + E 4 / 4 pts Question 10 Congressman A promises to vote for a bill that Congressmen B and C are sponsoring, and in return both B and C promise to vote for a future bill that A is sponsoring. This practice is called rational ignorance. cutting "red tape."
1/2/2020 Module 6 - Graded Quiz: Chapter 31: ECON 210 Microeconomics - Nov 2019 - Online 7/15 chasing the median voter. logrolling. 4 / 4 pts Question 11 The median voter model predicts that the candidate (in a two-person race) closer to the middle of the political spectrum (closer to the median voter) on election day will win the election.
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