The median-voter theorem suggests that:

A. politicians maximize their votes by taking the policy position preferred by the median voter, under certain conditions.
B. Politicians always receive more votes in general elections when they appeal to extremists in their party.
C. the middle voter is generally influenced by the side they have more information on concerning an issue.
D. voters tend to vote with a "mob-mentality," all voting the same.


A. politicians maximize their votes by taking the policy position preferred by the median voter, under certain conditions.

Economics

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Indicate whether the statement is true or false

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Refer to the figure above. Over the $5-$6 range, the elasticity of demand using the midpoint formula is:

A. 0.22. B. 1.00. C. 0.88. D. 1.16.

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If Eddie can produce 40 milk shakes or 20 banana splits in an hour, and Tina can produce 30 milk shakes or 16 banana splits in an hour, then Eddie has a comparative advantage in producing banana splits.

Answer the following statement true (T) or false (F)

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Which of the following is NOT an asset of commercial banks?

A. home mortgages B. business loans C. savings deposits D. consumer loans

Economics