The median voter
a. is the voter exactly in the middle of the distribution.
b. is the voter whose preferred outcome beats any other proposal in a two-way race.
c. always has more than half the votes on his side in a two-way race.
d. All of the above are correct.
d
Economics
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Land sale booms were caused by large waves of immigration
Indicate whether the statement is true or false
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If a profit-maximizing firm’s fixed cost of producing widgets falls,
A. its total cost curve is unaffected. B. its marginal cost curve shifts down. C. the firm will produce more widgets. D. the firm’s average profit per widget produced rises.
Economics