The proposition that the outcome of a majority vote is likely to represent the preferences of the voter who is in the political middle is called
A) the mean (or average) voter theorem. B) the median voter theorem.
C) the voting paradox. D) the Arrow impossibility theorem.
B
Economics
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Refer to Figure 16-3. What prices are charged in the two markets?
A) price in market A = price in market B = $10 B) price in market A = price in market B = $5 C) price in market A = $10; price in market B = $15 D) price in market A = price in market B = $15
Economics
When the central banks of various countries intervene in the foreign exchange market to maintain an exchange rate, this type of exchange rate system is called a ________ exchange rate system
A) fixed B) flexible C) all of the above D) none of the above
Economics