Bureaucratic overprovision of a public good could occur because
A) of a failure of minimum differentiation.
B) of rational ignorance among voters.
C) voters want more of the good than do bureaucrats.
D) bureaucrats attempt to maximize efficiency.
B
You might also like to view...
Comparing a discount bond and a coupon bond with the same maturity
A) the coupon bond has the greater effective maturity. B) the discount bond has the greater effective maturity. C) the effective maturity cannot be calculated for a coupon bond. D) the effective maturity cannot be calculated for a discount bond.
If the utility for two goods "x" and "y" can be measured as U = x, then it can be concluded that
A) "x" and "y" are perfect complements. B) "y" is a "bad". C) the indifference curves on the x,y graph are upward sloping where "x" is measured on the horizontal axis. D) the indifference curves on the x,y graph are vertical where "x" is measured on the horizontal axis.
Which of the following best describes the effects of trade surpluses and trade deficits for an economy?
a. Trade surpluses and trade deficits can be beneficial for an economy in certain circumstances. b. Trade surpluses and trade deficits can be harmful for an economy in certain circumstances. c. Trade surpluses and trade deficits can be beneficial or harmful for an economy in certain circumstances. d. Trade surpluses and trade deficits can be both beneficial and harmful for an economy in certain circumstances.
In her calculation of the cost of going to college, an economist would include the amount of forgone earnings over the years spent at college
a. True b. False Indicate whether the statement is true or false