In analyzing simple majority voting on a nonexcludable public good, the textbook
ID: 2439799 • Letter: I
Question
In analyzing simple majority voting on a nonexcludable public good, the textbook concludes that, regardless of the number of units desired by the other voters, the amount that wins the election will be the amount
(2pts)
preferred by the median voter.
preferred by the voter who makes the most campaign contributions.
preferred by the voter who wants the smallest amount of the good.
preferred by the voter who wants the largest amount of the good.
7)
Economists explain low voter turnout with the idea of rational abstention - people don't vote because the perceive that the costs exceed the benefits. Which of the following is the reason for this perception?
(2pts)
The benefits of voting are very low becasue people see thst there is little chance that their vote will make a difference in the outcome of the election.
The cost of voting is too high because there are so few polling places and they close so early.
The benefits are voting are very low because people are turned off by most candidatees.
The cost of voting is too high becasue of poll taxes.
8)
Which of the following would be an example of a policy arising out of constitutional economics?
(2pts)
Limiting members of the House of Representatives to a total of three terms.
Requiring the federal government to balance its budget each year.
All of the above
None of the above
9)
Which of the following is most likely to be a consequence of government bureaus?
(2pts)
Because they work with limited budgets, they are likely to be very careful about costs.
They are likely to end each fiscal year with surplus funds.
They are likely to try to end the programs they administer quickly in order to look good with politicians and voters.
They are not likely to be very responsive to the wants and desires of their customers.
Explanation / Answer
Answer 6:
Option A. The amount that wins the election will be the amount preferred by the median voter. The majority rule voting will select the outcome most preferred by the median voter.
Answer 7:
Option A. The benefits of voting are very low becasue people see that there is little chance that their vote will make a difference in the outcome of the election.Thus, cost of voting exceeds the benefits from voting.
Answer 8:
Option B. An example of constitutional economics is requiring the federal government to balance its budget each year.
Answer 9:
Because they work with limited budgets, they are likely to be very careful about costs.. The government bureaus work with limited budgets.
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