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# true/false

### true false questions govt review

statement | true or false |
---|---|

A pareto optimal outcome is always one of the fair outcomes for the group | false |

A pareto optimal outcome is a situation where no one is hurt and at least someone is helped | true |

A pareto optimal outcome is one of the outcomes where, for the group: total cost=total benefit | false |

Transitivity is needed to secure the meaning of 'rational individuals choose what is better' | true |

Transitivity is needed to secure the meaning to 'rational individuals reject what is worse' | true |

Transitivity is needed to define public goods | false |

For individuals to maximize their individual welfare, at the level they must buy where total benefit and total cost lines must cross | false |

For individuals to maximize their individual welfare, at the level they must buy where total cost and marginal cost lines must cross | false |

For individuals to maximize their individual welfare, at the level they must buy where marginal cost and net benefit lines must cross | false |

For individuals to maximize their individual welfare, at the level they must buy where marginal benefit and marginal cost lines must cross | true |

For individuals to maximize their individual welfare, at the level they must buy where total benefit and total cost lines must be parallel | true |

For individuals to maximize their individual welfare, at the level they must buy where the vertical distance between total cost and toal benefit must be maximized | true |

For individuals to maximize their individual welfare, at the level they must buy where marginal benefit and marginal cost must be parallel | false |

For individuals to maximize their individual welfare, at the level they must buy where total cost and marginal cost must be parallel | false |

For individuals to maximize their individual welfare, at the level they must buy where marginal cost and net benefit must be parallel | false? |

The expected value of an item is the sum of the probabilities of getting an item times the value of the outcome | false ? |

The expected value of an item is yet another way of defining the basis of rational choice | true |

The expected value of an item is a way of calculating what is ones best choice | true |

prisoner dilemma games are games where the predicted outcome from individuals choices is suboptimal | true |

prisoner dilemma games are games with no more than two persons | false |

prisoner dilemma games are games with dominant strategies | true |

Individual optimality can result when the lines for total benefits and total costs has equal slopes | false |

Individual optimality can result when the lines for total benefits and total costs cross | false |

Individual optimality can result when the lines for total benefits and total costs are a maximum distance apart | true |

Individual optimality results when total costs are minimized | true |

Individual optimality results when total benefits are maximized | true |

The iron law of oligarchy is that all political leaders are self interested | true |

The iron law of oligarchy is that one can never overcome the oppresion of the oligarchs | false |

The iron law of oligarchy is that a law defined by oligarchs will never represent the interests of the masses | false |

The iron law of oligarchy is that any effort at maintaining a democratic organization will tend to end up with all the power in the hands of a few | false ? |

Public goods are good which are always supplied by the government | false |

Public goods are good which are usually not available in the market | true |

Public goods are good which are suboptimally supplied in unorganized groups | true |

Public goods are good which are often require independent incentives to get resources allocated toward their supply | true |

probability is always a number between one and ten | false |

probability has a specific and definable relationship to "odds" | true |

Net benefit is represented by the difference in the vertical heights of the marginal and total cost benefit curves | true |

Net benefit is represented by the difference in the vertical heights of the total cost and total benefit curves | false |

When plunkitt used the phrase 'honest graft' he refered to raising campaign funds by philadelphia republicans | false |

When plunkitt used the phrase 'honest graft' he refered to lobbbying a congressman in washington | false? |

When plunkitt used the phrase 'honest graft' he refered to seeing your opportunities and taking them | true |

morning glories is a phrase used by michales to represent the beautiful people in the us | false |

morning glories is a phrase used by michaels to represent the flower children in the us | false |

morning glories is a phrase used derisively to refer to the weakness of reform groups | true |

morning glories is a phrase used flatteringly to refere to the strengths of reform groups | false |

Created by:
talibear