1) According to public choice theorists, people behave differently in the public
ID: 2439800 • Letter: 1
Question
1)
According to public choice theorists, people behave differently in the public sector and the market sector because
(2pts)
their motivations are different.
they are different kinds of people.
the two sectors have different institutional arrangements.
All of the above
None of the above
2)
The median voter model predicts which of the following?
(2pts)
Candidates will outline very specific policies for the voters.
Candidates will state their positions at the start of the campaign and stick closely to those positions.
Candidates will call themselves midddle-of the-roaders and label their opponents as being too far to the right or left.
All of the above
None of the above
3)
According to the analysis in the textbook, which of the following is true about a "simple majority" voting rule?
(2pts)
It is the way many candidates are selected and many public questions are decided.
Most people think that it is a fair and democratic way of doing things.
It can result in public programs with costs that outweigh the benefits.
All of the above
None of the above
5)
In exploring voting and efficiency, the textbook comes to the conclusion that to get the socially optimal amount of a public good, the taxes paid by each voter must be
(2pts)
equal to the marginal private benefit that the voter receives from the public good.
a lump sum.
a constant proportion of the voter's income.
the same as that paid by all the others voters.
Explanation / Answer
1)
Right answer is :
"the two sectors have different institutional arrangements "
both sectors have different instiutional arrangement, hence they tend to behave differently.
Both sectors have similar objectives of maximizing utilities and minimizing cost.
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