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Principles of Economics 3e

Review Questions

Principles of Economics 3eReview Questions
8.

How does rational ignorance discourage voting?

9.

How can a small special interest group win in a situation of majority voting when the benefits it seeks flow only to a small group?

10.

How can pork-barrel spending occur in a situation of majority voting when it benefits only a small group?

11.

Why do legislators vote for spending projects in districts that are not their own?

12.

Why does a voting cycle make it impossible to decide on a majority-approved choice?

13.

How does a government agency raise revenue differently from a private company, and how does that affect the way government makes decisions compared to business decisions?

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