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: 71% (14 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...
-
Cotton Corp. agrees to lease a store in a mall and open a t-shirt shop. On January 2, 2020, the company pays a nonrefundable $20,000 deposit to secure the store and agrees to a lease amount of...
-
To what extent are additional disclosures about human resources likely to be significant to financial analysts and investors?
-
Pro Chips is a manufacturer of prototype chips based in Dublin, Ireland. Next year, in 2013, Pro Chips expects to deliver 552 prototype chips at an average price of $80,000. Pro Chips' marketing vice...
-
K L N M T Given measure of arc KT = 153 and the measure of arc LN = 12, what is the measure of 4M? Type your answer...
-
Costume Kings has two product lines: machine-made costumes and hand-made costumes. The company assigns $80,000 in manufacturing overhead costs to two cost pools: power costs and inspection costs. Of...
-
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...
-
Two small arches have the shape of parabolas. The first is given by x) = 1 x 2 for 1 x 1 and the second by g(x) = 4 (x 4) 2 for 2 x 6. A board is placed on top of these arches so it rests on...
-
Enumerate the principal duties of the Chief Accountant.
-
Find the area under the standard normal curve to the left of a. z = 0.74 b. z = 2.16 c. z = 1.02 d. z = 0.15
-
What conclusions do you draw about (a) yourself as a consumer, and (b) the performance of each of the businesses in Exercise 1? Assess whether any of these businesses managed to develop a sustainable...
-
Describe the responsibilities and primary functions of the Division of Corporation Finance.
-
Identify the five divisions of the SEC.
-
Establish each identity. sin [sin + sin(3)] = cos[cos - cos(3)]
-
Ask students to outline the reasons why the various elements of culture (social structures and control systems, language and aesthetics, religion and other belief systems, educational systems, etc.)...
-
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...
-
J Saved Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparing the master budget for the...
-
Pine Corporation has sales revenue of $530,000 resulting in net operating income of $73,140. Average invested assets total $688,000. Residual income is $27,000. Calculate the new residual income if...
-
Your Corporation started a consulting business on January 1, 2019 by issuing $7,000 of common stock. What was net cash flow from operating activities? Provided services on account, $25,000. Incurred...
Study smarter with the SolutionInn App