Assume there are two major political parties: the Conservatives and the Liberals. What does the median voter theorem imply about the nature of the platforms (that is, policy stances) of the Conservatives and Liberals?
The median voter theorem implies that political parties will set their platforms so as to appeal to the median ("middle of the distribution") voter. Therefore, rather than adopting extreme views, the Conservatives and Liberals will both adopt platforms that are toward the "middle of the road."
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Which order does the Federal Reserve's plan for implementing monetary policy follow?
A) Tools => Intermediate Targets => Operating Targets => Goals B) Goals => Tools => Intermediate Targets => Operating Targets C) Tools => Operating Targets => Intermediate Targets => Goals D) Tools => Goals => Operating Targets => Intermediate Targets
Economic sanctions
A) usually work to create policy change in the targeted country. B) are more likely to work if the international community supports them. C) are more likely to work if military force is not used. D) never work to create policy change in the targeted country.