• The notion of the benevolent dictator is:

The case of well-meaning and well-informed officials making the best choice

An autocratic ruler

Contemporary leadership style

All of the above

None of the above

• A principle agent problem refers to:

Public servants who may not always do exactly what the public desires

A problem of the primary lobbyist member

A term to refer to in-office disagreements

All of the above

None of the above

• Logrolling in political economics is:

A lumberjack technique

Vote trading

An aerobic exercise

All of the above

None of the above

• Rent seeking involves:

Competition for favors from the government

The use of time, money, and other resources in pursuit of government benefits

Both a and b

None of the above

• Ways in which globalization may enhance local economies include:

Domestic residents can look for work in other countries

Foreign workers can look for work in the domestic economy

Savers in foreign capital markets can lend to the domestic economy

All of the above

None of the above

• Trade agreements such as the North American Free Trade Agreement (NAFTA) have:

Sharply reduced trade barriers

Provided more jobs for domestic unskilled labor

Reduced the available high tech job market oversees

All of the above

None of the above