True or False: 1. In public choice analysis, bureaucrats, politicians, and voters are assumed to make choices

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True or False:
1. In public choice analysis, bureaucrats, politicians, and voters are assumed to make choices that they believe will yield to the public expected marginal benefits greater than their expected marginal costs.
2. Scarcity and competition are present in the public sector as well as in the private sector.
3. The individual consumption-payment link breaks down when goods are decided on by majority rule.
4. The median voter result implies that when those with extreme political views become more extreme, it will have a large effect on the majority voting outcome.
5. The majority of Americans cannot identify their congressional representatives.
6. The benefits of casting a well-informed vote are generally far greater than the cost of doing so for most voters.
7. An election that is expected to be close would tend to increase voter turnout.

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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