Some movie complexes have machines that sell movie tickets. When this occurs, the movie complex is substituting __________ for __________.

a.labor; capital

b.labor; technology

c.land; labor

d.capital; labor

If a firm is a monopoly and a perfect competitor in the resource market, which of the following will occur?

a.The firm will hire the same quantity of workers as a competitive industry would and will pay them the same wage.

b.The firm will decide the wage it pays its workers, which will affect workers' wages in competitive industries.

c.The firm will hire fewer workers than a competitive industry would because it can exploit the workers.

d.The firm will restrict output and therefore employ fewer workers than a competitive industry would.

What is the largest income redistribution program in the United States?

a.Medicaid

b.No Child Left Behind

c.Social Security

d.Temporary Assistance for Needy Families

In the country of Wakanda, all incomes are distributed in equal shares. Consequently, Wakanda's Gini coefficient has a value of __________.

a.0

b.0.5

c.1

d.1

In an analysis of personal wealth distribution, the Gini coefficient measures __________.

a.income equality

b.poverty levels

c.distribution of wealth

d.income inequality

Why is bureaucratic decision making different from private sector decision making?

a.Bureau managers have a larger hierarchy of superiors to answer to.

b.Bureau managers typically have formal decision-making training.

c.Bureau managers care more about self-interest than private sector managers do.

d.Bureau managers face a different set of incentives than private sector managers do.

Most forces that work to influence the type of governmental programs that are created by politicians __________.

a.produce more antipoverty solutions

b.produce a more efficient government

c.increase the size of government

d.decrease the size of government

Which of the following scenarios is an example of logrolling?

a.Tanisha votes for Alejandro's school construction if Alejandro votes for Tanisha's farm subsidies.

b.Luis adds a rider to a health care bill to raise the age of dependents to be insured.

c.Rebecca convinces her party to vote for funds to recruit more firefighters.

d.Ned joins Avena to help write a finance reform bill for the state legislature.

In public choice theory, what assumption is made regarding the private market?

a.The private market never fails; thus, there is no need for government intervention.

b.The private market may fail, but the government may also fail in attempting to correct the problem.

c.The private market may fail, but government will always improve the outcome.

d.The private market and the government both encourage public interest rather than self-interest.