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45. Which of the following is an assumption of the median voter theorem? a. Voters are assumed to have heterogeneous preferences. b. Voters are assumed

45.

Which of the following is an assumption of the median voter theorem?

a. Voters are assumed to have heterogeneous preferences.

b. Voters are assumed to be able to place all possible election outcomes within a one-dimensional continuum.

c. Voters are assumed to have homogenous preferences.

d. Voters are assumed to be able to compare current election outcomes with past election outcome with perfect recall.

46.

The conclusion of the median voter theorem is that_____.

a. private sector demands of the median voter influences their demand for public goods

b. the median voter is omniscient

c. public sector demand will be the demand of the median voter

d. decision-making costs will be high if the median voter is rationally ignorant

47.

The median voter theorem predicts that in a representative democracy _____.

a. party platforms will converge to one preferred by the median voter

b. successful politicians will emulate the median voter

c. third parties will not exist

d. successful politicians come from the median political party

48.

In general, the medium voter theorem can be described as a powerful model for _____.

a. analyzing demand for public goods

b. analyzing the dynamics of business cycles

c. analyzing demand aggregation in a democracy

d. analyzing the supply of politicians

49.

The median voter model explanation for the landside victory of Ronald Reagan over Walter Mondale is that _____.

a. Reagan was far closer to the median voter than Mondale

b. Reagan was far more charismatic than Mondale

c. Reagan was able to use the power of incumbency to overwhelm Mondale

d. Reagan was able to be more extreme than Mondale and still win

50.

Economists call the fact that the general public has little incentive to become informed about most political issues _____.

a. rational ignorance

b. irrational voting

c. a diminishing political marketplace

d. cyclical political institutions

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