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Figure: Median Voter 1 Suppose the figure above represents the preferences of five voters and two candidates regarding defense spending. According to the figure above, who is the median voter and which candidate will win the election?
Legal Authority
The formal and legitimate power or right given to an entity or individual to make decisions, enact laws, or enforce rules and regulations.
United Nations
An international organization formed in 1945 to increase political and economic cooperation among its member countries.
Power Distance
A cultural dimension that reflects the degree to which less powerful members of a society accept and expect power to be distributed unequally.
Short-Termism
The focus on immediate gains or results at the expense of long-term strategy, sustainability, or investment. Often criticized in business and investment contexts.
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