What is the median-voter model and what are two implications from it?
Please provide the best answer for the statement.
The median-voter model indicates that the median voter in a majority rule system will likely determine election results. In a voting situation, there are often extreme positions. Those individuals holding the middle position on an issue will have the most influence on the outcome because they represent the best option for the two extreme groups. One extreme group will not want what the other extreme group wants, and thus will support a middle position so that one extreme does not win over the other extreme.
There are two basic implications from the median voter model. First, the size of government will be determined by the preferences of the median voter. Second, people may move to political jurisdictions where the median voter’s preferences are closer to their own (to obtain better schools or lower taxes).
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The price of salsa rises. How does the increase in the price of salsa affect the supply of salsa?
A) The supply of salsa increases. B) The supply of salsa decreases. C) There is no change to either the supply of salsa or the quantity of salsa supplied. D) There is no change to the supply of salsa, but the quantity of salsa supplied increases. E) There is no change to the supply of salsa, but the quantity of salsa supplied decreases.
What is Pareto optimality?
What will be an ideal response?
How can a warranty at the seller's expense signal that a product is of high quality?
What will be an ideal response?
Mutual funds that are composed of corporate and government bonds are known as:
a. risk-adjusted funds. b. global funds. c. equity funds. d. fixed-income funds. e. money market funds.