Macroeconomics
21st Edition
ISBN: 9781259915673
Author: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn Dr.
Publisher: McGraw-Hill Education
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Question
Chapter 5.A, Problem 3ARQ
To determine
Is the given statement is true or falls, why?
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Students have asked these similar questions
Outline the median voter theorem and explain its importance to the successfulapplication of a majority voting system.
All of the following statements are true about median voter theory, except:
Select the correct answer below:
The median voter is in the middle of the political spectrum.
The effects of the U.S. sugar lobby supports median voter theory.
Median voter theory suggests that if a candidate needs more than 50% to win an election, the best
way to win is to have median preferences.
The median voter theory argues that politicians will try to match policies to what pleases the
median voter preferences.
Arrow's impossibility theorem states that under certain assumptions about preferences, no voting system exists that satisfies all of the following properties:
•
Unanimity
•
Transitivity
•
Independence of irrelevant alternatives
•
No dictators
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- The median voter theory argues that politicians will try to match policies to what Select the correct answer below: appeals to the voters on the right side of the political spectrum appeals to the preferences of the median voter appeals to the voters on the left side of the political spectrum O appeals to the majority voter preferencearrow_forwardhow does the election result change if a tax on non-voters doubles the number of voters while preserving the distribution of preferences?arrow_forwardThe above table shows the benefit to each voter if an issue passes. The cost per voter of the issue passing is $100. According to Majority Rules voting, will the issue pass? According to marginal analysis, should the issue pass?arrow_forward
- What is the significance of the concept of rational ignorance? Question options: It explains why voters are swayed by single-issue voting. It explains why the majority of voters feel that their vote is important in determining the outcome of an election. It explains how false or exaggerated political advertising influences voting behavior. It explains why many people do not vote.arrow_forwardConsider the race for governor of a small state. The population of the state is evenly divided between three cities-Riverville, Hanover, and Danbury. The governor's race is between Ron Ruskin (the mayor of Riverville) and Ted Topple (the mayor of Hanover). Assume that no matter what is said during the campaign, Ruskin can count on the support of 100% of the Riverville population, and Topple can count on the support of 100% of the Hanover population. Assume 100% voter participation. According to the result of majority-rule voting, the next governor will be the one preferred by the majority of the residents of The two candidates are asked in a debate about their support of recreational subsidies. Public opinion polls in the city you just identified have shown the following about the level of recreational subsidies desired: • 70% want a low level 20% want a medium level • 10% want a high level Assuming that voters prefer outcomes closer to their preferred choices to outcomes further away,…arrow_forwardExplain why according to the theory of rational ignorance, an individual will decide not to participate in the election process (vote).arrow_forward
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