Free rider problem Study guides, Class notes & Summaries

_________ work for organized interests and try to shape public policy by influencing those elected or appointed to office, often through face-to-face meetings. - Lobbyists ______________________, is where maintenance of a prison facility is outsourced to a private firm; this, saves money, but also creates controversy. - Privatization of prisons A contract where the accused is temporarily released from jail on the condition he or she pay a sum of money to guarantee an appearance in court is ...

Logic of American Politics Chapter 2 Test Questions and Answers Bargaining and compromise - Answer-Is essential for producing successful political outcomes. Hobbes's argument in Leviathan can be restated as - Answer-Monarchs offer a cost-effective means to collective action. An increase in the number of veto holders does which of the following? - Answer-Increases transaction costs Government institutions consist of which of the following? - Answer-Offices that confer on their occupan...

Advertising correct answers Refers to any type of promotional activity for a firm What kind of cost is advertising for a firm? correct answers Fixed cost Advertising is effective only for what kind of firms? correct answers Firms with market power Gross profit correct answers Profit before paying the cost of advertising Net profit correct answers Gross profit minus the cost of advertising Goal of advertising correct answers Buy the quantity of advertising that maximizes net profit...

CLC EXAM TEST BANK 2024 CERTIFIED LACTATION CONSULTANT EXAM TEST BANK Most Texans are unlikely to contact public officials. - CORRECT ANSWER True Which U.S. Supreme Court case in 2009 created the opportunity for those opposed to powerful incumbents to create organizations without having to disclose their donors? - CORRECT ANSWER Citizens United v. Federal Election Commission Dark money is political money that comes from donors whose names must always be disclosed. - CORRECT ANSWER Fal...

Texas Gov 2306 Collin College -Texas Government 2306 well answered graded A+ draw the highest turnout in Texas. - correct answer Voter Turnout is a cause of low turnout in Texas. - correct answer Voter ID requirements in Texas A __________________ is a formal, written change or addition to the state's governing document. - correct answer Constitutional Amendment A situation in which individuals benefit from a publicly provided good or service without paying for it and actively support...

PSCI 1100 Final Exam Questions and Answers All Correct What is political participation? - Answer-Political participation is the activities citizens undertake to influence government. Why don't people participate in politics? - Answer-Probability that your vote will decide the election is essentially equal to 0, you get benefits either way (Free rider problem), and voting is costly Why do people participate in politics? - Answer-- Ability: because you know how, which depends on: (a) know...

CIS 105 Week 6 Exam - Questions and Answers An auction where the highest bidder would win, but then they would pay the second highest bid is called a Second-price Auction _____ is a satellite network made up of multiple satellites circling the globe, blanketing underserved regions with low latency (low delay), high-speed Internet access. O3b When a person judges that an outcome is going to occur without considering prior knowledge of the probability that it will occur Base Rate Fallacy What ca...

PLSC 001 Exam 1 PSU Questions and Answers 100% Pass Government - Answer- Any system for implementing decisions made through a political process Politics - Answer- Process of determining what government does Philosophy - Answer- the study of the fundamental nature of reality, knowledge, and how to live (also translated to the love of wisdom) Political Philosophy (Theory) - Answer- part of ethics, ethics applied to groups of people. Asks what the government should be doing. Metaphysics - ...

PLS 100 MSU Exam 1 Questions & Answers 2024/2025 Who said government is necessary to maintain order? - ANSWERSHobbes Who said government is necessary to protect property? - ANSWERSLocke Who said government is necessary to provide public goods? - ANSWERSHume Who said "Anarchy is worse than the potential tyranny of government, because life outside of the state is characterized by "continual fear, and danger of violent death..[where life is] solitary poor, nasty, brutish, and short....

BUS 284 Final Exam | Complete Solutions, Answered For moral hazard to exist, there needs to be ... A) symmetry of information. B) asymmetry of information. C) the possibility of complete contracts. D) None of the above. Related-party transactions may consist of ... A) managers becoming entrenched. B) tunnelling and transfer pricing. C) transactions between shareholders of the same political persuasion. D) None of the above. The agency problem of debt consists of the following: A) the debtholde...