POLS-102 WVU MacDonald Exam 1
Questions With Passed Solutions!!!
Politics CORRECT ANSWERS process of making collective decisions (usually by gov't)
to allocate public resources and to create and enforce rules for the operation of society
Transaction Costs CORRECT ANSWERS time its takes to make a decision
Conformity Costs CORRECT ANSWERS living w/ a situation you don't agree with
Institutions CORRECT ANSWERS set of rules or practices that determine how people
make collective decisions
Preferences CORRECT ANSWERS outcomes or experiences people want or believe
they need
Free Riding CORRECT ANSWERS benefiting from a public good while avoiding the
costs of contributing
Coordination CORRECT ANSWERS The act of organizing a group to achieve a
common goal.
Government CORRECT ANSWERS The institutions and procedures through which
people are ruled
Prisoners Dilemma CORRECT ANSWERS A situation in which two (or more) actors
cannot agree to cooperate for fear that the other will find its interest best served by
reneging on an agreement
Public Goods CORRECT ANSWERS Goods that are collectively produced and freely
available for anyone's consumption
Tragedy of the Commons CORRECT ANSWERS A situation in which group members
overexploit a common resource, causing its destruction
Shay's Rebellion CORRECT ANSWERS Shay protested the states high taxes and
aggressive debt collection policies, AoC fundamental weakness and inability to keep the
peace
Articles of Confederation CORRECT ANSWERS The compact among the thirteen
original states that formed the basis of the first national government of the United States
from 1777 to 1789, when it was supplanted by the Constitution
Bill of Rights CORRECT ANSWERS The first ten amendments to the U.S. Constitution
Questions With Passed Solutions!!!
Politics CORRECT ANSWERS process of making collective decisions (usually by gov't)
to allocate public resources and to create and enforce rules for the operation of society
Transaction Costs CORRECT ANSWERS time its takes to make a decision
Conformity Costs CORRECT ANSWERS living w/ a situation you don't agree with
Institutions CORRECT ANSWERS set of rules or practices that determine how people
make collective decisions
Preferences CORRECT ANSWERS outcomes or experiences people want or believe
they need
Free Riding CORRECT ANSWERS benefiting from a public good while avoiding the
costs of contributing
Coordination CORRECT ANSWERS The act of organizing a group to achieve a
common goal.
Government CORRECT ANSWERS The institutions and procedures through which
people are ruled
Prisoners Dilemma CORRECT ANSWERS A situation in which two (or more) actors
cannot agree to cooperate for fear that the other will find its interest best served by
reneging on an agreement
Public Goods CORRECT ANSWERS Goods that are collectively produced and freely
available for anyone's consumption
Tragedy of the Commons CORRECT ANSWERS A situation in which group members
overexploit a common resource, causing its destruction
Shay's Rebellion CORRECT ANSWERS Shay protested the states high taxes and
aggressive debt collection policies, AoC fundamental weakness and inability to keep the
peace
Articles of Confederation CORRECT ANSWERS The compact among the thirteen
original states that formed the basis of the first national government of the United States
from 1777 to 1789, when it was supplanted by the Constitution
Bill of Rights CORRECT ANSWERS The first ten amendments to the U.S. Constitution
