If it is assumed that people vote for the candidate who comes closer to matching their own views, to win votes in a two-person race
A) one candidate will move to the far right of the political spectrum while the other moves to the far left.
B) one candidate will move between the middle and far right end of the political spectrum while the other moves between the middle and the far left end.
C) both candidates will move to the far right end of the political spectrum.
D) both candidates will move to the far left end of the political spectrum.
E) both candidates will move toward the middle of the political spectrum.
E
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Suppose that the government allocates the abatement responsibility uniformly, requiring each polluter to abate 10 units of pollution. Quantitatively assess the cost implications.
Assume that there are two firms, each emitting 20 units of pollutants into the environment, for a total of 40 units in their region. The government sets an aggregate abatement standard (AST) of 20 units. The polluters' cost functions are as follows, where the dollar values are in thousands: Polluter 1: TAC1 = 10 + 0.75(A1)2, Polluter 2: TAC2 = 5 + 0.5(A2)2, MAC1 = 1.5A1, MAC2 = A2.
In which zone will small shifts in AD, either to the right or the left, affect the output level, but will not much affect the price level?
a. Keynesian b. Neoclassical c. Intermediate d. Equilibrium
According to the efficient markets hypothesis, which of the following would increase the price of stock in the Simpson Corporation?
a. Simpson announces, just as everyone had expected, that it has hired a new highly respected CEO. b. Simpson announces that its profits were low, but not as low as the market had expected. c. Analysis by a column in a business weekly indicates that Simpson is overvalued. d. All of the above would increase the price.
When the economy enters into a recession, your employer is ________ to reduce your wages because ________
A) unlikely; output and input prices generally fall during recession B) unlikely; lower wages reduce productivity and morale C) likely; output prices always fall during recession D) likely; aggregate demand is vertical in the long run