Explain why majority rule respects the preferences of the median voter rather than the average voter.
Question:
Explain why majority rule respects the preferences of the median voter rather than the average voter.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
The median voters preferences w...View the full answer
Answered By
Aun Ali
I am an Associate Member of Cost and Management Accountants of Pakistan with vast experience in the field of accounting and finance, including more than 17 years of teaching experience at university level. I have been teaching at both undergraduate and post graduate levels. My area of specialization is cost and management accounting but I have taught various subjects related to accounting and finance.
5.00+
13+ Reviews
32+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
In the previous question you showed that sometimes there may be no policy that beats every other policy in a majority rule election and, as a result, the agenda can determine the outcome. In the...
-
Suppose there are five people 1, 2, 3, 4, and 5 who rank projects A, B, C, and D as follows: a. Sketch the preferences, as in Figure 6.2 . b. Will any project be chosen by a majority vote rule? If...
-
Three friends are choosing a TV show to watch. Here are their preferences: a. If the three friends try using a Borda count to make their choice, what would happen? b. Monica suggests a vote by...
-
What is the present value of $9,000 received: a. Twenty eight years from today when the interest rate is 10% per year? b. Fourteen years from today when the interest rate is 10% per year? c. Seven...
-
Shoppers Drug Mart Corporation is Canada's largest retail pharmacy, with stores in each province (including Pharmaprix in Quebec) and two territories. The following data (in thousands) were taken...
-
When Jane and Patrick Baker were house hunting five years ago, the fixed rate on a 30-year mortgage was 6% with monthly compounding. After checking many places, they finally decided to buy a home for...
-
Describe the privileging and credentialing process.
-
During the 1980s, most of the worlds supply of lysine was produced by a Japanese company named Ajinomoto. Lysine is an essential amino acid that is an important livestock feed component. At this...
-
The following information is available for Blue Corp. for the year ended December 31, 2022: Other revenues and gains. $11,100 Sales revenue $616,000 Other expenses and losses 14,000 Operating...
-
Refer to Apple's financial statements in Appendix A to answer the following. 1. Identify the items, if any, that make up Apple's long-term debt as reported on its balance sheet at September 27, 2014....
-
What unusual property of voting did Condorcet notice?
-
The health insurance reform signed into law by President Obama in 2010 included the following two provisions: i. Insurance companies must offer health insurance to everyone who applies and charge...
-
Refer to Exercise 41. Suppose you learn that Campbell is building a new plant. Use Bayes theorem to determine the probability that Campbell plans to introduce the new product. (Let A1 represent the...
-
Why is the Texas legislature dependent on the state comptroller of public accounts?
-
The Northern Command oversees which aspect of National Security? defending the continental United States and coordinating with Canada and Mexico defending US interests in Europe, especially in...
-
Commitment to which two factors precedes the acquisition of the quality of grit?
-
One way that a nation can improve National Security is by having "Sovereignty." What would be the BEST way to define "sovereignty"? when a country has control over its economic systems when a...
-
Xiofang has just been appointed as a diplomat to Poland for the United States. Xiofang's duties as a diplomat include relocating to Poland to more easily meet with other diplomats and Polish...
-
1. Why are there so many cases cited in which Triffin is a party? 2. Why is it important to know whether JCNB is a holder in due course? 3. What effect does the postdate on the check have on the...
-
The graph of an equation is given. (a) Find the intercepts. (b) Indicate whether the graph is symmetric with respect to the x-axis, the y-axis, or the origin. -3 6 -6 3 x
-
Explain why majority rule respects the preferences of the median voter rather than the average voter.
-
In the State Trade by Commodity and Country section, click on Exports and Imports, then click on Exports for your state. There you will find a list of the top 25 commodities produced in your state...
-
a. If you talk to a broker selling the high-fee mutual fund, what will he or she probably tell you when you ask them, Am I getting my moneys worth when I pay your high fees? b. According to Figure...
-
KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 $ 316,588 2019 $ 219,700 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total...
-
Following are the capital account balances and profit and loss percentages (indicated parenthetically) for the Alden, Boyd, and Carmel partnership: Alden (40%) Boyd (40%) Carmel (20%) $ 220,000...
-
Required information E3-13 (Algo) Recording and Posting Accrual Basis Journal Entries, and Preparing an Unadjusted Trial Balance and Preliminary Financial Statements [LO 3-2, 3-3, LO 3-4] [The...
Study smarter with the SolutionInn App