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Power & Choice, 8/e
W. Phillips Shively, University of Minnesota---Minneapolis
Political Choices: The Problems of Justice and Efficiency
True or False
1
Decisions which are made and communicated capriciously are arbitrary decisions.
A)
TRUE
B)
FALSE
2
Budget decisions are usually made by governments in a radical manner.
A)
TRUE
B)
FALSE
3
There are always exceptions to "special basic rights".
A)
TRUE
B)
FALSE
4
An efficient policy is one that gives the state and the people the greatest benefit at the lowest cost.
A)
TRUE
B)
FALSE
5
Market mechanisms can deal with collective goods effectively.
A)
TRUE
B)
FALSE
6
Externalities are always negative.
A)
TRUE
B)
FALSE
7
A radical decision is more concerned about costly errors than lost opportunity.
A)
TRUE
B)
FALSE
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