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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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