As People Vote on Multiple Issues Via a Single Vote

question 71

Multiple Choice

As people vote on multiple issues via a single vote, voting patterns do not consistently reflect "citizens" preferences, resulting in a

• A)need for government.
• B)convergence of positions.
• C)median voter tyranny.
• D)voting paradox.
• E)convergence of opinions.

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Definitions:

Mortgage Rate

The interest rate charged on a mortgage loan, determined by the lender, which affects the monthly payments and total amount paid over the life of the loan.

Annualized (Geometric)

Refers to a method of converting short-term rates of return into longer-term rates that account for the effect of compounding over a full year.

Rates of Return

The net gain or loss on an investment over a specified time period, expressed as a percentage of the investment's initial cost.

EAR

Effective Annual Rate, a measure of interest that takes into account the compounding of interest over time.