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daniellasousa daniellasousa
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5 years ago

Question 1.

The median voter theorem implies that

• many people will be satisfied with the amount of spending on government funded projects.

• many people will be dissatisfied with the amount of spending on government funded projects.

• people in the political middle will be dissatisfied with the amount of spending on government funded projects.

• spending on government funded projects reflects the preferences of only those far away from the median.

Question 2.

Which of the following is not an example of rent-seeking behavior?

• competition for subsidies

• lobbying the government to impose tariffs on certain imported products

• competition for the exclusive right to import a product

• engaging in aggressive advertising that slams a competitor's product
Textbook 
Microeconomics

Microeconomics


Edition: 7th
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bli14bli14
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5 years ago
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