According to the median voter theorem, majority rule will
a. always produce an inconclusive outcome.
b. produce the outcome least preferred by the median voter.
c. produce the outcome most preferred by the median voter.
d. produce an outcome that is inconsistent with transitive preferences.
c
Economics
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A(n) ____ may offer products that are either differentiated or identical
a. monopolistically competitive firm b. monopolist c. oligopolistic firm d. perfectly competitive firm e. monopsonist
Economics
Generally, if a nation imposes a tariff on imports,
a. part of the tax is paid by foreign exporters. b. the entire tax is paid by foreign exporters. c. none of the tax is paid by foreign exporters. d. the tax has no impact on the profits of foreign exporters.
Economics