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G202 Assessment 1 — Mafi–Kreft Applied Microeconomics (2026/2027 A+ Bank)

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Prepare for G202 Assessment 1 (Mafi–Kreft) with this comprehensive collection of questions and answers for the 2026/2027 academic year. This study guide covers key course concepts, foundational theories, analytical problem-solving, and assessment topics aligned with the G202 curriculum and instructor-led coursework. It is an excellent resource for students preparing for classroom assessments, quizzes, exams, and comprehensive course review.

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G202--Assessment 1--Mafi-Kreft questions and answers 2026\2027 A+ Grade



Majoritarian Politics
- correct answer No special interest groups take action on either side.

Wide costs, wide benefits.

No lobbying will take place



Client Politics
- correct answer One special interest group IN FAVOR of issue.

Wide costs, concentrated benefits.

Lobbying will be successful.



Interest Group Politics
- correct answer Active special interest groups on both sides.

Concentrated cost, concentrated benefits.

Relative strength of lobbying determine success.



Entrepreneurial Politics
- correct answer One special interest group AGAINST issue.

Concentrated cost, widely dispersed benefits.

Successful lobbying will be costly.



The Shortsightedness Effect
- correct answer Politicians support projects that have clear current benefits. Maximize influence on
voters at expense of future generations.



Operational Ineffiency
- correct answer Public sector has no profit motive. Bureaucrats spend other people's money so less
conscious of costs.

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