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magentawalrus795Lv1

18 Aug 2020

How can the political process differ from the market process?

A) the political process results in collective actions in which everyone is obliged to participate while in the market process individuals are free to participate or not.

B) the political process results in collective actions in which everyone is made better off while the market process results in actions that favor some groups only.

C) the political process results in collective actions that maximize economic surplus while the market process may lead to efficiency losses.

D) the political process results in collective actions in which not everyone is required to participate while in the market process individuals are obliged to participate.

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Vaishnavi KanukurtiLv10

15 Oct 2020

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1.The production possibilities frontier can be used to demonstrate which of the following?
(i) The best tradeoffs that individuals and societies should make
(ii) The tradeoffs forced on individuals and societies because of scarcity
(iii) The wealth maximizing output combination that an individual or society should choose

Select one:

a. (ii) only

b. (i), (ii) and (ii)

c. (i) only

d. (iii) only

2. Unlimited wants and limited resources:

Select one:

a. Can be overcome through innovation

b. Are not problems faced by wealthy industrialized nations

c. Necessitate choices about the goods to services to consume

d. Can be overcome by increasing wealth

3. What are the two sub-fields of economics?

Select one:

a. For-profit economics and not-for-profit economics

b. Private markets and the public sector

c. Microeconomics and macroeconomics

d. Market and non-market economics

4. What do economists mean by "self-interested behavior"?

Select one:

a. It means undertaking activities that benefit yourself and a small group of others who are important to you

b. It means undertaking activities motivated by greed

c. It means undertaking activities that maximize one's own welfare

d. It means wanting to pursue a life of leisure

5. When economists say that people act rationally, they mean that:

Select one:

a. People do not make incorrect choices

b. People are governed by what others think about them and act accordingly

c. People consider the significant consequences of their actions and make decisions that further their self-interests

d. There are certain common codes of conduct that everyone adheres to

6. Which of the following actions reflect self-interested behavior?
(i) Warren Buffett, one of the world's wealthiest individuals, donated more than $30 billion to humanitarian causes such as AIDS and tuberculosis initiatives.
(ii) Pfizer Inc., a private pharmaceutical company, sponsored a disease-management program for Florida's Medicaid patients with chronic illnesses such as asthma, diabetes and heart disease.
(iii) You agree to babysit your 8-year-old brother instead of going to a kick-boxing class.
(iv) You agree to babysit your 8-year-old brother instead of going to a kick-boxing class only if your mother pays you $8 an hour.

Select one:

a. All of the above actions except (iii)

b. All of the above actions

c. (ii) and (iii) only

d. (iv) only

7. Which of the following does not qualify as a market?

Select one:

a. Bloomingdales Department Store

b. The underground drug trade

c. Amazon.com

d. The French Immigration Department

8. Which of the following is not a key assumption of economics?

Select one:

a. People do not undertake activities that make others better off

b. People are self-interested

c. People have limited resources to acquire their wants

d. People are rational

9. Which of the following is not likely to cause the production possibility frontier to shift out?

Select one:

a. An increase in the quantity of innovations

b. An increase in specialization which allows people to develop higher levels of skill at their chosen profession

c. Developing markets where self-interested individuals can interact

d. Relying only on governments to allocate resources

10. Which of the following statements is false?

Select one:

a. Scarcity affects everyone, including very wealthy people

b. Rational people never make mistakes

c. Economists assume people are rational

d. Economists assume people have unlimited desires

11. Which of the following statements is false?

Select one:

a. When you volunteer to help at a soup kitchen, you face an opportunity cost of your time

b. Mother Teresa faced trade-offs when deciding to help lepers in India rather than some other needy group

c. Economics brings tradeoffs to light but does not inform us of which trade-offs society should make

d. When the government funds research into cancer, it is able to avoid trade-offs because public funds are used rather than private funds

12. Which of the following topics does economics study: (i) the study of human behavior; (ii) the market for organ transplants; (iii) cost and benefits of building a suicide barrier in the Golden Gate Bridge; (iv) the functioning of political institutions.

Select one:

a. (i) and (iii) only

b. (ii) and (iii) only

c. All of the topics listed

d. All of the topics except (iv)

13. Which the following would be likely to raise your opportunity cost of going to college full-time?
(i) You have been offered a full-time job as wardrobe assistant to Paris Hilton that pays $60,000 per year.
(ii) You have been offered a merit scholarship that pays for two years of tuition.
(iii) Your landlord increases the rent on the apartment you are currently living in and will continue to live in even if you choose to attend college full-time.
(iv) An increase in the value of your college trust fund set up by your grandfather.

Select one:

a. All of the above

b. (i) and (iii) only

c. All of the above except (ii)

d. (i) only

14. While microeconomics is concerned with the behavior of individuals and firms, macroeconomics:

Select one:

a. Does not make use of "micro" ideas such as opportunity cost or self-interest

b. Is concerned with the performance of entire economies

c. Is concerned with normative matters such as fairness, equality and ethics

d. Is only concerned with government activity

15. You own a Ford car that has lousy gas mileage. You finally trade it for a Hyundai, which is equal in virtually every aspect except that the Hyundai gets much better mileage. What is likely to happen to your gas consumption?

Select one:

a. I get better gas mileage and since the cost of driving has gone down, I will drive more so my gas consumption will remain the same

b. It will fall since I will now use less gas

c. I get better gas mileage and since the cost of driving has gone down, I will drive more so the effect on my gas consumption is indeterminate

d. It will go up since I will now drive more

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2a)

A market in which there are neither external benefits nor external costs is:

Select one:

a. efficient.

b. inefficient.

c. efficient and equitable.

d. impossible.

2b)

According to the special-interest theory of government, government officials and policymakers:

Select one:

a. are assumed to maximize social good.

b. tend to listen to small groups of people who contribute money to their political campaigns.

c. manage resources to maximize efficiency.

d. have a strong incentive to ensure that society's members equally benefit from a project.

2c)

Scientific research is subsidized by the government because

Select one:

a. it yields benefits to consumers and producers who did not participate in the research.

b. researchers are under-paid by private firms, so the government must make up the difference.

c. much scientific research takes place at state-funded universities.

d. scientific research has no market value so would not be undertaken without government intervention.

2d)

The forces of supply and demand will provide a quantity that is

Select one:

a. less than the efficient quantity if a good generates external benefits.

b. more than the efficient quantity if a good generates external benefits.

c. exactly the efficient quantity if a good generates external benefits.

d. either more than or less than the efficient quantity if a good generates external benefits. It is impossible to know whether it will be too much or too little without more information.

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6. Though political pundits on television and radio inform the public, they also have to be concerned with

a. Entertainment value to increase their ratings.b. All of these.c. Making their audiences feel better about America.d. Being factually correct.

7. Social movements have been important sources of social, political, and economic change in the United States.

a. TRUEb. FALSE

8. A double standard exists on the part of advocacy organizations because issues facing advantaged subgroups get more attention than those facing disadvantaged subgroups.

a. TRUEb. FALSE

9. Contemporary political observers echo the two views of de Tocqueville and Madison in how they view the role of political groups.

a. FALSEb. TRUE

10. A national advocacy organization is an interest group

a. That only represents businesses.b. That informally represents broad groups of Americans who have similar interests.c. That represents all Americans whether they are powerful or not.d. That only represents minorities or people with less power in society.

11. The American people believe that justices on the US Supreme Court

a. None of these.b. Should be appointed for life.c. Should be elected and only for a 10-year term.d. Should be elected for life.

12. Regional, cultural, religious, occupational, and ethnic diversity all tend to increase the formation of political groups and social movements.

a. FALSEb. TRUE

13. In the United States, political parties are

a. Relatively rareb. Are a relatively accidental feature of the American historyc. None of thesed. Mentioned in the Constitution

14. Why are interest groups, political organiztions, and social movements so numerous in the US?

a. All of these.b. Because federalism and the separation of powers have created multiple points of access to political institutions.c. Because of the 1st Amendment, which protects speech. association, and the right to petition the government for redress of grievances.d. Because the way people are elected to Congress does not do a very good job of representing minorities, who have to find other ways of getting their needs met.

15. What is the margin of error for a sample of 1000 voters?

a. Plus or minus 3%.b. Plus or minus 1%c. Plus or minus 5%d. Plus or minus 2%

16. E.E. Schactschneider says about the interest groups that claim to work for poor people

a. That they may be making things worse for these people.b. That they do a good job even without handing out small benefits to attract people to their group.c. None of these.d. That they are able to accomplish a great deal even though the poor do not join those groups.

17. Why do the campaign staffs of presidential candidates pass up large states like California and Texas to concentrate on smaller states like New Mexico or Ohio?

a. The large states are just a few and there are more votes altogether in the small states.b. It is easier to persuade people in the small states.c. The large states are reliably red or blue, so the campaigns go after states where the vote is closer and they can take all of the votes even with a small win.d. The large states are just too expensive for campaigning.

18. Jackson notes that equality is generally defined as

a. Equality of process.b. Equality of opportunity.c. Equality of outcomes.d. Equality of results.

19. In an open primary, the voter can choose which primary election--Democratic or Republican--he or she would like to vote in.

a. TRUEb. FALSE

20. The womenâs movement can be very active on an issue such as affirmative action in higher education, which afffects their more affluent members, but overlook welfare reform, an important issue for their more disadvantaged or marginalized members.

a. TRUEb. FALSE

21. It is sometimes called "first-past-the-post" and sometimes "winner-take-all," but this kind of election means

a. No matter how many votes are cast and how many candidates the one with the most votes wins.b. None of these.c. The candidates have to have run-off elections until one wins two thirds of the votes.d. The top two candidates have to have a run off election.

22. Public opinion matters because in a democratic system we believe that government policy should follow the public will.

a. TRUEb. FALSE

23. With regard to ideology, Americans

a. Tend to identify with a party by their mid 20s.b. Tend to choose a political affiliation early in life.c. Tend to stay identified with a political party consistently the rest of their lives.d. All of these.

24. Alexis de Tocqueville

a. Found few religious associations in America.b. Wrote at the time of the American revolution in the 1780s.c. Wrote his great book Democracy in America at a time when Americans were forming many interest groups and associations in the 1830s.d. Was appalled at the number of commercial and manufacturing associations he found in America.

25. According to Strolovitch, in judging the effectiveness of an advocacy organization which claims to represent the marginalized,what are the guiding questions we should ask?

a. How active for the intersectionally marginalized are they? Because without that the organization is a failure.b. What coalitions do they form? Because coalitions are the key to success.c. What institutions do they target and what coalitions do they form? Because the political activity is the most important barometer.d. How active for the intersectionally marginalizedn are they, what institutions do they target, and what coalitions do they form?

26. How do the two dominant political parties prevent minor parties from emerging?

a. By using their vast funds and media resources to disparage minor party candidates.b. By refusing to give successful third party candidates leadership positions in the legislature.c. By poaching popular third party candidates before they begin to help their party.d. By manipulating election rules in debates and public funding to discriminate against the minor parties.

27. Since 1836, the republic has been dominated by how many political parties at a time?

a. Threeb. Fivec. Oned. Two

28. As sample size increases, the margin of error

a. Is greater than or equal to the margin of error.b. Stays the same.c. Decreases.d. Increases.

29. Affirmative advocacy

a. Looks for over-represented and under-represented issues in setting the agenda for activityb. Actively seeks out coalitions and works with others at the state and local levelc. All of thesed. Has a proactive agenda

30. The cell-phone only population is likely to include more young people, which pollsters have to take into account

a. TRUEb. FALSE

31. One method that schools use to politically socialize young people is

a. Ask students to watch TV news.b. Tell students who to vote for.c. Ask student to participate in mock elections.d. Ask students to read newspapers.

32. In addition to the legislative branch, advocacy groups target the executive and judicial branches.

a. TRUEb. FALSE

33. The problem with opt-in internet panels is that

a. Participants self-select, leaving out significant sections of the public.b. All of these.c. They have a greater margin of error.d. They do not use scientific methods.

34. An example of an organization which claims to represent a large demographic group is

a. The National Association for the Advancement of Colored People (NAACP).b. All of these.c. The Japanese American Citizen's Leagues (JACL).d. The National Organization of Women (NOW).

35. Conservative and liberal ideologies differ mostly on

a. Campaign finance reform.b. Defense policy only.c. Economic and social issues.d. Civil rights.

36. Despite the fears of some that advocates for marginalized groups appeal to the courts too much, evidence shows that they in fact use the courts reluctantly and as a last resort.

a. FALSEb. TRUE

37. Are Americans more likely to vote in presidential elections than other types of elections?

a. No, Americans like to vote for direct democracy issues rather than indirect democracy representation.b. Yes, consistently American participate in presidential elections over other elections.c. Only in years when the presidential election is particularly interesting.d. No, because Americans are more interested in local issues.

38. The key way in which political parties enable democracy is

a. They stimulate interest among members of the mass publicb. All of thesec. They keep elected officials responsived. They allow a broader spectrum of participants to become involved in politics

39. In democracies around the world, multi-party systems are much more common and one sees small parties that advocate for one issue, one religion, or one demographic group.

a. TRUEb. FALSE

40. Poll results vary based on

a. Whether the method used was approved by the Census Bureau.b. Mean, median, and mode.c. Survey mode, sample size, and population definition.d. The statistical application of the Weights and Measures Bureauâs guidelines.

41. Voters who like a third party are nevertheless inclined to vote for a dominant party candidate for fear they will waste their votes.

a. FALSEb. TRUE

42. National organizations that file amicus curiae briefs are targeting

a. The Congress.b. The courts.c. The presidency.d. The Federal Reserve Bank.

43. Small racial, ethnic, or religious groups in the US

a. Don't have quotas for seats in the schools or government as they do in India.b. Do not have a party which is dedicated to their interests.c. Do not have legislative representation as is the cases in other countries with proportional representation.d. All of these.

44. When is the candidate's website NOT a good source of information?

a. To find more information about the candidate's biography.b. To find out more about the candidate's positions on the issues.c. To find an unbiased account of the candidate's voting history.d. To find out which prominent people and organizations support the candidate.

45. According to the "funnel of causality," party identification is more psychological than anything.

a. FALSEb. TRUE

46. The agencies which connect people to government are called "linkage mechanisms."

a. TRUEb. FALSE

47. Some theorists argue against the pluralists with a "rational actor" argument that says

a. That people are rational and want to maximize benefits and minimize effort, so they do not spend their time and resources to organize.b. That rational people always seek public goods.c. That it is rational to organize to acquire more public goods.d. That rational people really do not want the public goods as much as theorists think.

48. According to Jackson, the digital revolution has given us more information about the candidates,

a. And the candidates usually approve of the things written about them.b. And the information is usually quite accurate.c. But the information is not always accurate.d. But it is not very detailed.

49. Red states mean states that usually vote for the Democratic Party, while blue states mean those that are reliable for the Republican Party.

a. FALSEb. TRUE

50. According to Jackson, what is a core political value that nearly all Americans accept?

a. Equalityb. Democracyc. Libertyd. All of these

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