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 will be chosen by unanimity
d. the outcome preferred by the median voter will be chosen by majority rule
d
Economics
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Refer to Figure 4-1. Arnold's marginal benefit from consuming the third burrito is
A) $1.25. B) $1.50. C) $2.50. D) $6.00.
Economics
In terms of cost-benefit analysis, explain why a competitive market with an externality produces too much pollution
What will be an ideal response?
Economics