Test Bank for Public Finance
and Public Policy, 7TH
EDITION BY Jonathan
Gruber (All Chapters
COVERED)
,In 2007 which country had the highest ratio of government expenditures to GDP?
A.none of these answer options are correct.
B.Switzerland
C. United States
D. Canada - correct answers--D. Canada
Arrow's impossibility theorem is not relevant to modern analysis of political economy.
A. Uncertain
B.False
C.True - correct answers--C.True
Governments grow because low income individuals cannot use the political process to
redistribute income towards themselves.
A. Uncertain
B.False
C.True - correct answers--B.False
A deadweight loss is never
A. found when marginal social benefits equal social marginal costs.
B. found when people are still living.
C. allowed in the U.S.
D. found in open economies. - correct answers--A. found when marginal social benefits
equal social marginal costs.
Logrolling is
A.a system that will always lead to worthy projects getting funded.
B.a system that involves the trading of votes.
C.a system used often at lumberjack contests.
D. a system that generally involves double-peaked preferences. - correct answers--B.a
system that involves the trading of votes.
When each individual has consistent preferences, but those of the community are not
consistent, it is known as
A. voting paradox.
B. logrolling.
C. agenda manipulation.
, D. majority rule. - correct answers--A. voting paradox.
A.
B.
C.
D.
E. - correct answers--
In a representative democracy, there are
A.special interests.
B.elected politicians.
C.all of these answer options are correct.
D.public employees. - correct answers--C.all of these answer options are correct.
Elected officials never care about the wishes of the voting public and govern using their
own value system.
A. Uncertain
B.False
C.True - correct answers--A. Uncertain
Special interest groups are established on the basis of
A. sources of labor.
B. sources of income.
C. size of income.
D. region.
E. all of these answer options are correct. - correct answers--E. all of these answer
options are correct.
Special interest groups are a determent to the political process.
A. Uncertain
B.False
C.True - correct answers--B.False
Lindahl prices
A. none of these answer options are correct.
B. cause all of these.
C. result in different prices for the same amount of output.
D. result in efficient levels of public goods provision.
E. require honest revelation of preferences. - correct answers--B. cause all of these.
and Public Policy, 7TH
EDITION BY Jonathan
Gruber (All Chapters
COVERED)
,In 2007 which country had the highest ratio of government expenditures to GDP?
A.none of these answer options are correct.
B.Switzerland
C. United States
D. Canada - correct answers--D. Canada
Arrow's impossibility theorem is not relevant to modern analysis of political economy.
A. Uncertain
B.False
C.True - correct answers--C.True
Governments grow because low income individuals cannot use the political process to
redistribute income towards themselves.
A. Uncertain
B.False
C.True - correct answers--B.False
A deadweight loss is never
A. found when marginal social benefits equal social marginal costs.
B. found when people are still living.
C. allowed in the U.S.
D. found in open economies. - correct answers--A. found when marginal social benefits
equal social marginal costs.
Logrolling is
A.a system that will always lead to worthy projects getting funded.
B.a system that involves the trading of votes.
C.a system used often at lumberjack contests.
D. a system that generally involves double-peaked preferences. - correct answers--B.a
system that involves the trading of votes.
When each individual has consistent preferences, but those of the community are not
consistent, it is known as
A. voting paradox.
B. logrolling.
C. agenda manipulation.
, D. majority rule. - correct answers--A. voting paradox.
A.
B.
C.
D.
E. - correct answers--
In a representative democracy, there are
A.special interests.
B.elected politicians.
C.all of these answer options are correct.
D.public employees. - correct answers--C.all of these answer options are correct.
Elected officials never care about the wishes of the voting public and govern using their
own value system.
A. Uncertain
B.False
C.True - correct answers--A. Uncertain
Special interest groups are established on the basis of
A. sources of labor.
B. sources of income.
C. size of income.
D. region.
E. all of these answer options are correct. - correct answers--E. all of these answer
options are correct.
Special interest groups are a determent to the political process.
A. Uncertain
B.False
C.True - correct answers--B.False
Lindahl prices
A. none of these answer options are correct.
B. cause all of these.
C. result in different prices for the same amount of output.
D. result in efficient levels of public goods provision.
E. require honest revelation of preferences. - correct answers--B. cause all of these.
