When is policy convergence, also known as Downsian policy convergence, likely to occur among political parties?
What will be an ideal response?
Downsian policy convergence is likely to occur when the Median Voter Theorem applies and there is perfect political competition. There will be policy convergence among parties (or political candidates) competing for office: the parties will all run for office on a platform offering to implement the policy that is the political bliss point of the median voter. This policy convergence result was first noted by Anthony Downsand is sometimesreferred to as Downsian policy convergence.
A-head: CONFLICT OF INTEREST AND POLITICAL ECONOMY
Concept: Policy convergence to the median
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Regarding the privilege of incorporation (the right to organize an enterprise in the corporate form), all of the following are true except
(a) It gives a business firm limited liability, perpetual life and the rights of a citizen. (b) It is not provided for directly by the Constitution because, apart from state governments, the Constitution made no provisions for groups. (c) It is provided for at all levels of government—federal, state and local. (d) There is no "except"; all of the above are true.
According to the graph shown, when this economy is open to free trade without restriction, the amount imported is:
This graph demonstrates the domestic demand and supply for a good, as well as a quota and the world price for that good.
A. 900.
B. 1250.
C. 650.
D. 1000.
Assume the economy is operating below full employment. Which of the following policy actions will allow aggregate spending to increase but will not increase the size of the government in the process?
A. Increase government spending and leave tax rates unchanged. B. Decrease government spending by more than an increase in taxes. C. Decrease tax rates and leave government spending unchanged. D. Increase government spending and taxes by the same amount.
Why are human resources limited?
A. Some people are unable to work. B. New equipment is expensive. C. Countries lack needed technology. D. World population continues to grow.