Microeconomics

The median voter model predicts that in a representative democracy ___

The median voter model predicts that in a representative democracy _____. a. party platforms will converge to one preferred by the median voter b. successful politicians will emulate the median voter c. third parties will not exist d. successful politicians come from the median political party   ANSWER a  

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Date: September 9th, 2020

Tariffs are frequently used in less-developed countries because _____.

Tariffs are frequently used in less-developed countries because _____. a. the governments need more revenue b. the governments want to encourage exports c. the governments find it easier to monitor border transactions than interior transactions d. the governments prefer to tax goods over services   ANSWER c  

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Date: September 9th, 2020

When applied to committees, the median voter model concludes that ____

When applied to committees, the median voter model concludes that _____. a. becomes irrelevant as committees will be unable to select a clear outcome b. the committee selects the outcome preferred by the median voter c. when preferences are double peaked, the committee meets the demand of the median voter d. a cyclical majority will […]

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Date: September 9th, 2020