PUP3002 Quizzes 5-8 Questions and
Answers
Thousands of experimental studies have put to test the expectations of the
Ultimatum game and reveal that contributions are _____ the model predicts.
a. less than
b. more than
c. exactly what - ANSWER-more than
During a recession, the Classical solution is for government spending to
a. decrease.
b. increase.
c. remain the same. - ANSWER-decrease
When herbicides and fertilizers from farms wash off and pollute streams, the
agriculture sector is causing what type of market failure? - ANSWER-Negative
externality
An ____ is an action that a principal takes prior to an agent's action to incentivize a
desired behavior. - ANSWER-ex-ante tactic
The negative Pigouvian tax is a - ANSWER-subsidy
What is an outright ban or limitation on the amount of a given externality that may be
produced? - ANSWER-output standard
What refers to the level of support that a citizen assigns to a specific policy? -
ANSWER-direction
What refers to how strongly a citizen feels about a given issue? - ANSWER-intensity
What refers to the relative importance of a given issue relative to other issues? -
ANSWER-salience
What refers to the level of information that a citizen possesses on a specific issue? -
ANSWER-knowledge
What is it called when a principal chooses an agent with different preferences? -
ANSWER-adverse selection
While a citizen may share preferences with a candidate on the environment,
abortion, and health care, they may hold opposing positions on foreign policy,
immigration, and taxation. What is this an example of? - ANSWER-cross-cutting
cleavages
Answers
Thousands of experimental studies have put to test the expectations of the
Ultimatum game and reveal that contributions are _____ the model predicts.
a. less than
b. more than
c. exactly what - ANSWER-more than
During a recession, the Classical solution is for government spending to
a. decrease.
b. increase.
c. remain the same. - ANSWER-decrease
When herbicides and fertilizers from farms wash off and pollute streams, the
agriculture sector is causing what type of market failure? - ANSWER-Negative
externality
An ____ is an action that a principal takes prior to an agent's action to incentivize a
desired behavior. - ANSWER-ex-ante tactic
The negative Pigouvian tax is a - ANSWER-subsidy
What is an outright ban or limitation on the amount of a given externality that may be
produced? - ANSWER-output standard
What refers to the level of support that a citizen assigns to a specific policy? -
ANSWER-direction
What refers to how strongly a citizen feels about a given issue? - ANSWER-intensity
What refers to the relative importance of a given issue relative to other issues? -
ANSWER-salience
What refers to the level of information that a citizen possesses on a specific issue? -
ANSWER-knowledge
What is it called when a principal chooses an agent with different preferences? -
ANSWER-adverse selection
While a citizen may share preferences with a candidate on the environment,
abortion, and health care, they may hold opposing positions on foreign policy,
immigration, and taxation. What is this an example of? - ANSWER-cross-cutting
cleavages
