Microeconomics Study Set 10

The median-voter theorem suggests that:

The theorem that suggests that politicians maximize their votes by taking the policy position preferred by the median voter,under certain conditions is called the:

All of the following conditions must exist for the median-voter theorem to hold except that:

One of the conditions that must exist for the median-voter theorem to hold is:

According to the median-voter theorem,the chosen policy will be the one preferred by the:

Suppose a vote was taken in a small town of 11 people to determine how much of the budget should go toward education spending.Five individuals want 10 percent,five individuals want 80 percent and one person wants 25 percent.According to the median-voter theorem,the chosen amount to spend on education will be ______ of the budget.

Suppose a vote was taken among 7 district representatives about how much of the city budget should be spent on tourism advertising.Two prefer it to be 10 percent,two prefer 15 percent,and three prefer 50 percent.According to the median voter theorem,the chosen amount to spend on tourism advertising is ______ of the budget.

The median-voter theorem can help explain one reason why politicians tend to change their position on a given issue over the course of an election from:

The median-voter theorem would suggest the reason politicians go from extreme to moderate positions on an issue over the course of an election is because they are appealing to the:

Once voting preferences become more complicated than those assumed by the median-voter theorem:

Which economist defined the characteristics of an ideal voting system in his book Social Choice and Individual Values?

Which of the following is not a criterion for an ideal voting system,according to economist Kenneth Arrow?

In thinking about the criteria for an ideal voting system,unanimity means if:

Which of the four criteria for an ideal voting system is demonstrated when everyone in a town prefers spending on improved public transportation systems instead of public parks,and transportation spending wins?

An ideal voting system must not have:

An ideal voting system will not function if a _________ is present,and has the power to enact his or her own preferences.

In thinking about the criteria for an ideal voting system,needing no dictator means:

When considering voting options,if option X beats Y,and Y beats Z,then transitivity says that:

Suppose everyone in a town prefers spending on improved public transportation systems instead of public parks,and prefers spending on public parks instead of building a public zoo.An ideal voting system would ensure that:

Suppose everyone in a town prefers spending on improved public transportation systems instead of public parks,and prefers spending on public parks instead of building a public zoo.A voting system that would ensure that zoo funding would never beat spending on transportation would demonstrate which criteria for an ideal voting system?