The Median Voter Theorem States That the Outcome of a Majority

question 228

True/False

The median voter theorem states that the outcome of a majority vote is likely to represent the preferences of the voter who is in the political middle.

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Definitions:

Hedge Ratio

The ratio of the size of a position in a hedging instrument to the size of the position being hedged.

Strike Price

The price at which the holder of an option contract has the right to buy or sell the underlying asset.

Underlying Stock

The stock on which a derivative instrument, such as an option or future, is based.

Implied Volatility

A measure of the market's forecast of a likely movement in a security's price and is used to price options contracts.