Study Questions

  1. Define the following terms: public policy, policy outputs, policy outcomes, policy analysis, logic of collective action, and political culture.
  2. Explain the reasons that the government may choose to become involved in addressing a social problem.
  3. Define and give examples of positive and negative externalities.
  4. What are the different types of goods that may be exchanged in an economic system? Explain the two dimensions on which these two goods are exchanged: ability to be jointly consumed and exclusivity.
  5. Explain the ways that market failures can occur, including monopolies and information failures.
  6. Identify the common criteria upon which policy analyses are often based.