MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
expand_more
expand_more
format_list_bulleted
Question
Chapter 12, Problem 15SQ
To determine
The uninformed voters about the issue.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
A situation in which society may not be able to rank its preferences consistently through paired-choice majority voting refers to
Multiple Choice:
A. the median-voter model.
B. logrolling.
C. the paradox of voting.
D. the special-interest effect.
Which of the following statements is false?
a.
Public choice economists often explain low voter turnouts in terms of the individual costs and benefits of voting.
b.
In some instances, simple majority voting leads to a project being undertaken even though the total costs of the project exceed the total benefits.
c.
If an individual will only vote if he or she feels that his or her vote will make a difference in the election, it is likely that he or she will vote.
d.
Simple majority voting fails to take into account the intensity of individuals' preferences.
Inefficiencies associated with majority voting may get resolved through:
Select one:
A. using the median-voter model.
B. bureaucratic inefficiency.
C. the paradox of voting.
D. political logrolling.
Chapter 12 Solutions
MACROECONOMICS FOR TODAY
Ch. 12.4 - Prob. 1YTECh. 12 - Prob. 1SQPCh. 12 - Prob. 2SQPCh. 12 - Prob. 3SQPCh. 12 - Prob. 4SQPCh. 12 - Prob. 5SQPCh. 12 - Prob. 6SQPCh. 12 - Prob. 7SQPCh. 12 - Prob. 8SQPCh. 12 - Prob. 9SQP
Ch. 12 - Prob. 10SQPCh. 12 - Prob. 11SQPCh. 12 - Prob. 1SQCh. 12 - Prob. 2SQCh. 12 - Prob. 3SQCh. 12 - Prob. 4SQCh. 12 - Prob. 5SQCh. 12 - Prob. 6SQCh. 12 - Prob. 7SQCh. 12 - Prob. 8SQCh. 12 - Prob. 9SQCh. 12 - Prob. 10SQCh. 12 - Prob. 11SQCh. 12 - Prob. 12SQCh. 12 - Prob. 13SQCh. 12 - Prob. 14SQCh. 12 - Prob. 15SQCh. 12 - Prob. 16SQCh. 12 - Prob. 17SQCh. 12 - Prob. 18SQCh. 12 - Prob. 19SQCh. 12 - Prob. 20SQ
Knowledge Booster
Similar questions
- What is the significance of the concept of rational ignorance? Question options: It explains why voters are swayed by single-issue voting. It explains why the majority of voters feel that their vote is important in determining the outcome of an election. It explains how false or exaggerated political advertising influences voting behavior. It explains why many people do not vote.arrow_forwardExplain: “Politicians would make more rational economic decisions if they weren’t running for reelection every few years.”arrow_forwardQ) If a tax is economical, Select one: a. its cost of collection is small relative to the revenue collected. b. it has an economic impact on households. c. it creates no economic distortions. d. its revenues are used to finance productive investments. Explain it Early and correctly. Not copy paste anything from Anywhere.arrow_forward
- Please elaborate on the economic role of the government under the two different economic theories of "laissez-faire" and "government intervention". What kind of theory do you think the Hong Kong Special Administrative Region Government pursues? why?arrow_forwardEconomists James Buchanan and Gordon Tullock are well-known for developing Group of answer choices the impossibility theorem. the voting paradox. the public choice model. the concept of government failure.arrow_forwardGovernments continue to provide public support to some farmers, even in the absence of market failures. Choose the best explanation for this practice according to public choice theory. а. The benefits of the support are concentrated among a small and vocal group of farmers and the costs are widely dispersed among millions of consumers. b. Vote-maximising governments are irrational in their response to powerful lobbying. С. All consumers are willing to pay higher prices to provide financial support to some farmers. d. Government support goes to consumers in the form of price controls, which balances the support given to farmers. e. The marginal social cost of providing support is equal to the marginal social benefit.arrow_forward
- We have heard of "Rock the Vote" or even "Vote or Die." What these ad campaigns are attempting to do is reduce the amount of voter apathy. What do economists call this situation? Using the principles of economics, please explain why there is such a lack of interest in being informed and voting. .arrow_forwardWould you kindly explain the fallacy or mistake in this type of thinking. Identify the fallacy or mistake in thinking in each of the following statements: a. Lowering taxes always lowers government revenues. b. Whenever there is a economic expansion, imports increase.arrow_forwardThe tax system is used to reduce income inequality through the use of _____ taxes. Select one: a. progressive b. regressive c. efficiency offset d. proportionalarrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
Microeconomics: Private and Public Choice (MindTa...EconomicsISBN:9781305506893Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage Learning
Economics: Private and Public Choice (MindTap Cou...EconomicsISBN:9781305506725Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage Learning
Macroeconomics: Private and Public Choice (MindTa...EconomicsISBN:9781305506756Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage Learning
Microeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Economics: Private and Public Choice (MindTap Cou...
Economics
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Macroeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning