What is the primary prediction of the median voter model? List the two key assumptions of the median voter model regarding the preferences of voters
What will be an ideal response?
The median voter model examines collective decision-making by majority rule and concludes that a majority rule voting system will select the outcome preferred by the median voter. The first key assumption of the median voter model is that voters are assumed to be able to place all possible election outcomes along a one-dimensional continuum. The second key assumption is that voters have single-peaked preferences. That is, they prefer outcomes closer to their preferred outcome to outcomes farther away from their preferred outcome.
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Refer to the Article Summary. The article discusses wealth inequality, and for some people this means a more equitable distribution of wealth is needed in the economy
Would an equitable distribution of wealth necessarily be the most efficient distribution of wealth? A) No, it is impossible to have an economically efficient distribution which is also an equitable distribution. B) Yes, equitable and efficient are two different words which have the same definition. C) Yes, in order for the distribution to be equitable, it must also be efficient. D) No, an economically efficient distribution of wealth would not necessarily be equitable.
The evidence from wage data allows us to conclude that nonsupervisory workers were economically worse off in 2008 than 1975
a. This conclusion is correct because such workers have been suffering form increasing unemployment since 1975 b. This conclusion is correct because such workers have been receiving an ever-decreasing share of their income in nonwage benefits. c. This conclusion is correct because nominal wages for such workers have stayed constant since 1975. d. This conclusion is correct because nominal wages for such workers have fallen since 1975. e. This is a mistaken conclusion because the CPI overstates inflation.
In scientific language, a theory is an untested assertion of alleged fact.
Answer the following statement true (T) or false (F)
Which of the following best explains why the Social Security system will face financial difficulties in the future?
a. Too much Social Security revenue was invested in the private sector rather than in government bonds. b. In the next two decades, the number of workers paying into the system will decline sharply relative to the number of retirees collecting benefits. c. The federal government does not pay interest on the money it borrows from the Social Security system. d. The funds in the Social Security trust fund were invested in high-risk ventures that failed to pay off.