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avinash0312 avinash0312
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5 years ago

Question 1.

The proposition that the outcome of a majority vote is likely to represent the preferences of the voter who is in the political middle is called

• the mean (or average) voter theorem.

• the voting paradox.

• the Arrow impossibility theorem.

• the median voter theorem.

Question 2.

Table 18-2

PolicyTom CottonDavid VitterPatty Murray
Homeland security1st2nd3rd
Education2nd3rd1st
Medical research3rd1st2nd

Refer to Table 18-2. The table above lists three policy alternatives that the U.S. Senate will vote on, along with the ranking of these alternates. The Senate must decide which of these alternatives should receive an additional $1 billion of funding, and there is enough money in the federal budget for only one of these alternatives. If a series of votes is taken in which each pair of alternatives is considered (homeland security and education; homeland security and medical research; education and medical research) which of the following will result from these votes?

• When the vote is between homeland security and education, the Senators will vote for education to receive funding.

• The Senators' votes will demonstrate transitivity.

• The results will illustrate the voting paradox.

• The results from the voting will illustrate the median voter theorem.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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WooWoo
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5 years ago
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avinash0312 Author
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5 years ago
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