Economics For Today
10th Edition
ISBN: 9781337613040
Author: Tucker
Publisher: Cengage Learning
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Question
Chapter 22, Problem 15SQ
To determine
The uninformed voters about the issue.
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Which of the following statements is false?
a.
Public choice economists often explain low voter turnouts in terms of the individual costs and benefits of voting.
b.
In some instances, simple majority voting leads to a project being undertaken even though the total costs of the project exceed the total benefits.
c.
If an individual will only vote if he or she feels that his or her vote will make a difference in the election, it is likely that he or she will vote.
d.
Simple majority voting fails to take into account the intensity of individuals' preferences.
Inefficiencies associated with majority voting may get resolved through:
Select one:
A. using the median-voter model.
B. bureaucratic inefficiency.
C. the paradox of voting.
D. political logrolling.
Explain: “Politicians would make more rational economic decisions if they weren’t running for reelection every few years.”
Chapter 22 Solutions
Economics For Today
Ch. 22.4 - Prob. 1YTECh. 22 - Prob. 1SQPCh. 22 - Prob. 2SQPCh. 22 - Prob. 3SQPCh. 22 - Prob. 4SQPCh. 22 - Prob. 5SQPCh. 22 - Explain why a 5 percent sales tax on gasoline is...Ch. 22 - Prob. 7SQPCh. 22 - Prob. 8SQPCh. 22 - Prob. 9SQP
Ch. 22 - Prob. 10SQPCh. 22 - Prob. 11SQPCh. 22 - Prob. 1SQCh. 22 - Prob. 2SQCh. 22 - Prob. 3SQCh. 22 - Prob. 4SQCh. 22 - Prob. 5SQCh. 22 - Prob. 6SQCh. 22 - Prob. 7SQCh. 22 - Prob. 8SQCh. 22 - Prob. 9SQCh. 22 - Prob. 10SQCh. 22 - Prob. 11SQCh. 22 - Prob. 12SQCh. 22 - Prob. 13SQCh. 22 - Prob. 14SQCh. 22 - Prob. 15SQCh. 22 - Prob. 16SQCh. 22 - Prob. 17SQCh. 22 - Prob. 18SQCh. 22 - Prob. 19SQCh. 22 - Prob. 20SQ
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Similar questions
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- Choose the letter of the Correct Answer. 1. This means that source of revenue should be sufficient to address the demand of public expenditures. A. Fiscal adequacy B. Equality C. Administrative feasibility D. Theoretical justice 2. This means that tax should be capable of convenience, just and effective administration. A. Fiscal adequacy B. Equality C. Administrative feasibility D. Theoretical justice 3. These are taxes imposed by the national government under the National internal Revenue Code and other laws particularly the Tariff and Custom Code. A. Local B. National taxes C. International taxes D. Direct taxes 4. This is a form of tax paid directly by the individual or corporations directly to the government. A. Local taxes B. Direct taxes C. National taxes D. Indirect taxes 5. This means that tax burden should be proportionate to the payer’s ability to pay. A. Fiscal Adequacy B. Administrative feasibility C. Equality D. None of the abovearrow_forwardPlease answer fast please arjent help pleasearrow_forwardWe have heard of "Rock the Vote" or even "Vote or Die." What these ad campaigns are attempting to do is reduce the amount of voter apathy. What do economists call this situation? Using the principles of economics, please explain why there is such a lack of interest in being informed and voting. .arrow_forward
- The tax system is used to reduce income inequality through the use of _____ taxes. Select one: a. progressive b. regressive c. efficiency offset d. proportionalarrow_forwardmicroeconomicsarrow_forwardA new elected government want to reform its tax system. As an economist you are hired to advise the government how to design a better tax system. Give your recommendation on factors that government need to consider if they want to implement the better tax system. Add specific example or case for each factor you recommend to governmentarrow_forward
- A progressive tax is: A. designed to take a greater percentage of the income of lower-income groups than of higher-income groups B. based on the benefits received principle. C. not based on the ability to pay principle D. designed so that everybody would be charged the same percentage of their income as taxes. E. designed to take a larger percentage of the income of higher-income groups than of lower-income groupsarrow_forwardAll of the following statements are true about median voter theory, except: Select the correct answer below: The median voter is in the middle of the political spectrum. The effects of the U.S. sugar lobby supports median voter theory. Median voter theory suggests that if a candidate needs more than 50% to win an election, the best way to win is to have median preferences. The median voter theory argues that politicians will try to match policies to what pleases the median voter preferences.arrow_forwardFiscal policy is defined as OA. the use of Congressional power to pursue social and political goals. B. the discretionary changing of government expenditures and/or taxes to achieve macroeconomic economic goal C. the design of a tax system to transfer income from large corporations to the poor. OD. the use of the taxing power of the government to redistribute wealth in a socially acceptable manner.arrow_forward
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