The median voter model predicts that
A) both candidates in a two-person race will definitely move toward the middle of the political spectrum as the election approaches.
B) the candidate (in a two-person race) closer to the middle of the political spectrum (closer to the median voter) on election day will win the election.
C) conservatives have a higher probability of winning elections than liberals.
D) liberals have a higher probability of winning elections than conservatives.
E) voters will often be rationally ignorant of important political issues.
B
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If the firm is using only one variable input, explain why the condition W = MRPL is thesame condition as P = MC
What will be an ideal response?
Supply and demand provides the basic explanatory framework for constructing both microeconomic and macroeconomic models
a. True b. False Indicate whether the statement is true or false
When the money supply increases, there is an excess _____ of money. As a result, interest rates _____ and aggregate demand _____
Fill in the blank(s) with correct word
In Figure 45.4, it is clearly the case that 
Figure 45.4
A. the total amount of labor employed is less under perfect competition than unionization. B. every individual worker is better off under unionization than perfect competition. C. every individual worker is better off under perfect competition than unionization. D. the total amount paid to workers depends upon the elasticity of labor demand.