When is an individual said to have single-peaked policy preferences?
What will be an ideal response?
An individual's policy preferences are single-peaked if he or she prefers policies closer to his or her political bliss point to those that are farther away. The individual's political bliss point is his or her most preferred policy option.
A-head: CONFLICT OF INTEREST AND POLITICAL ECONOMY
Concept: Single-peaked preferences
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Investment diversion is considered an obstacle to economic growth because:
a. it would be better to increase the mortality rate of the country, and thus have a higher per capita real GDP. b. investment in health care is highly appreciated by the international community. c. capital infrastructure automatically eliminates population problems. d. the investments in health care affect only the poorest, the least productive inhabitants of a country. e. there is no way for a country to build its industries without an increase in investment on infrastructure.
Suppose that in 2020 the average citizen's federal tax bill is $14,888 per person, and total federal spending is $13,997 per person. In 2020, the federal government will have
a. a per person budget surplus of $891.
b. a per person budget deficit of $891.
c. horizontal equity.
d. vertical equity.