According to the median-voter theorem, the chosen policy will be the one preferred by the:
A. median voter.
B. greatest average of voters, rather than the majority of voters.
C. the average voter, rather than the largest number of voters.
D. largest number of voters, rather than the average voter.
A. median voter.
Economics
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The vertical distance between the average variable cost curve and the average total cost curve equals average fixed cost
Indicate whether the statement is true or false
Economics
Which of the following will likely occur when price floors in agriculture are implemented?
A. Quantity demanded will exceed quantity supplied. B. Quantity supplied will exceed quantity demanded. C. Farmland will be underutilized. D. Supply will decrease.
Economics