Question 1

Gordon Tullock did not vote. Why not? Group of answer choices

A.He is cranky.

B.A little thing called division.

C.The probability of his vote affecting the outcome of an election is very low.

D.The marginal benefit is greater than the marginal cost.

Question 2

Why does the agenda setter win, when a vote faces a Condorcet Paradox, and voters select sincerely Group of answer choices

A.They know the best outcome.

B.It is a paradox, no one knows.

C.The order of voting affects the outcome.

Question 3

What happens in a Condorcet Paradox if voters choose strategically?Group of answer choices

A.The outcome is inconclusive.

B.It is a paradox, no one knows.

C.The cycle goes on until the best outcome wins.

Question 4

Unicorn farts smell like: [ Select ] ["bacon.", "strawberries.", "teen spirit."] Markets better than unicorns because [ Select ] ["of the trolley problem.", "markets are real, though imperfect.", "unicorns make big messes."] .

Question 5

Why does Public Choice theory conclude that electing better people, by itself, will not lead to much better government? Group of answer choices

A. Public Choice looks at the incentives shaped by institutions.

B.Good people make mistakes.

C. Bad people will do what is right if the right regulation is in place.

Question 6

Why do workers at the courthouse park in the garage, but I have to park outside? Group of answer choices

A. It is an honor to have a good parking space.

B.Restaurant workers park by the front door.

C. Government managers are not motivated by profit.

Question 7

Draw a supply and demand graph.

Show what happens in the market for vodka when the per bottle tax on vodka is increased by $2.

Consider the elasticity of supply and demand for vodka.