Microeconomics

The referendum version of the median voter model concludes that _____.

The referendum version of the median voter model concludes that _____. a. by decreasing output slowly, the median voter will adjust her preferences to those of the ballot organizer b. by increasing output slowly, the median voter will adjust her preferences to those of the ballot organizer c. the outcome preferred by the median voter […]

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Date: September 9th, 2020

The general trend in health care policy during the twentieth century h

The general trend in health care policy during the twentieth century has been _____. a. towards preventing the spread of communicable diseases b. towards ensuring that pharmaceuticals and physicians are well-regulated c. focused on general health care expenditures d. focused on general public health issues   ANSWER c  

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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