The proposition that the outcome of a majority vote is likely to represent the preferences of the voter who is in the political middle is called
A) the mean (or average) voter theorem. B) the median voter theorem.
C) the voting paradox. D) the Arrow impossibility theorem.
B
You might also like to view...
Discuss how the marginal propensity to consume, imports, and marginal tax rates influence the expenditure multiplier
What will be an ideal response?
In which of the following situations would the Fed conduct contractionary monetary policy?
A) The Fed is worried that deflation will become a problem. B) The Fed fears that unemployment is climbing above the natural rate. C) The Fed believes that aggregate demand was growing too slowly to keep up with potential GDP. D) The Fed is concerned that aggregate demand would continue to exceed the growth in potential GDP.
When the central bank of some country prints large quantities of money, that county's currency loses value both in terms of the goods and services it buys and in terms of the amount of foreign currencies it can buy
a. True b. False Indicate whether the statement is true or false
To take full advantage of earning compound interest income you should start saving
What will be an ideal response?