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Which of the following are potential problems with directing and managing government? |
The Governments massive size and scope, it is difficult for the government to effectively aggregate information from bottom to top |
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What is the correct criterion in evaluating government programs? |
The size of the government: A smaller government has lower taxes. |
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An unfunded liability for a govenrment program implies that: |
Projected government expenditure exceeds projected government revnue for the program |
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A Special interest issue is one whose passage yields: |
Large econnomic gains to a small number of people and small economic losses to a large number of people. |
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Politicization off fiscal and monetary policy refers to: |
The use of fiscal and monetary policy to help politicians before an election |
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Which of the following is the most likely cause of unfunded liabilities? |
The beneift of the program is immediate while the cost is in the distant future |
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It is often argued that government aws and regulatios have unintended consequences. Which of the following is an uninteded consequence of the 2010 healthcare reform law? |
Companies are reducing full-time employees to part time employees |
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The concept of limited choices, as used in public choice theory, refers to the fact that: |
Voters must select a candidate who represents a bundle of various public policy programs and who can’t register support or opposition for specific programs. |
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Public choice theory focuses on the economics of |
government decision making, politics and elections |
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Regulatory capture is problematic for which of the following reasons? |
The regulations governing an industry are set by the industry itself |
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