Microeconomics Study Set 10
Quiz 22: Political Choices
The Likelihood of Successful Collective Action
The likelihood of successful collective action: A) can be lower for large groups. B) can be higher for large groups. C) can be lower for small groups. D) generally does not depend on the size of the group.
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If two groups disagree about a policy,a smaller group that experiences higher benefits per person can be: A) the one less likely to get its way. B) as successful as a larger group with smaller benefits per person, but typically not more. C) more difficult to bargain due to the small size of the group. D) the one more likely to get its way.
At its extreme,the use of the powers of government by public officials to achieve personal gains is: A) collective action. B) corruption. C) bribery. D) a moral hazard.
Rent-seeking behavior creates: A) waste and inefficiency. B) waste, but is efficient. C) inefficiencies, but not waste. D) efficiency without waste.
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