Under Representative Democracy

question 126

Multiple Choice

Under representative democracy,

• A)the median voter's preferences are always satisfied
• B)citizens no longer have any influence since they do not vote on each issue
• C)representatives may reflect the preferences of the median voter
• D)less vote trading will occur than under direct voting
• E)vote trading is impossible

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Definitions:

Diseconomies of Scale

A condition in which a firm’s average costs increase as production increases.

Returns to Scale

The change in output as a result of proportionately changing all inputs in the production process, indicating increasing, constant, or decreasing returns.

Marginal Cost

An uplift in the sum total of costs incurred by producing another unit of a product or service.

Average Fixed Cost

The fixed costs of production (such as rent and salaries) divided by the number of goods produced; it decreases as output increases.