A common belief among political analysts is that someone running for his or her party's nomination for president of the United States must choose a different strategy once the nomination is secured
To be nominated, the candidate must appeal to voters from one party—Democrat or Republican—but in a general election a party's nominee must appeal to voters from both parties as well as independent voters. Which of the following offers the best explanation for this change in strategy?
A) rent seeking B) the median voter theorem
C) the Arrow impossibility theorem D) the voting paradox
B
You might also like to view...
Sally Campbell is a homemaker. Last week, she was busy with her normal household chores when she was visited by the BLS and asked to describe her working status. She explained what she did and the BLS recorded her as being
a. a member of the labor force who is temporarily unemployed b. a member of the labor force who chooses not to be employed c. a member of the labor force who is underemployed d. a discouraged worker who is not a member of the labor force e. not a member of the labor force
In the prisoners' dilemma game, one prisoner is always better off confessing, no matter what the other prisoner does
a. True b. False Indicate whether the statement is true or false
When negative externalities exist, the private market equilibrium represents a
A. market price which is too high and a market quantity which is too high. B. market price which is too high and a market quantity which is too low. C. market price which is too low and a market quantity which is too high. D. market price which is too low and a market quantity which is too low.
If an excess quantity of labor demanded exists in a free market, there is a tendency for
A) quantity supplied to rise. B) the wage rate to fall. C) quantity demanded to fall. D) the wage rate to rise.