An important assumption in the theory of public choice is that
A. scarcity does not exist in the government sector.
B. individuals will only operate outside the political process when their well-being is involved.
C. individuals will act within the political process to maximize their collective well-being.
D. individuals will act within the political process to maximize their individual well-being.
Answer: D
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Union membership has continued to grow faster than the labor force in the United States since World War II
a. True b. False
The "Four Tigers" of East Asia are the newly industrialized countries of Taiwan, South Korea, Hong Kong, and:
a. Japan. b. Singapore. c. the Philippines. d. Vietnam.
As a firm in a monopolistically competitive market successfully differentiates its products and earns a positive economic profit, it is soon imitated by its rivals and profit of the firm falls to zero
a. True b. False Indicate whether the statement is true or false
Under the Affordable Care Act (ACA), states were required to initiate which one of the following changes in the administration of their respective programs?
a. Accept temporary reductions in federal matching funds for the expansion population. b. Extend eligibility to participants with household incomes less than 138 percent of the federal poverty level. c. Prohibit eligibility of non-disabled adults without children regardless of income. d. Require physicians to accept new Medicaid patients in order to practice medicine in the state. e. Expand coverage to include pregnant females.