The Median Voter's Preferred Outcome Is the Same as the

question 170

Multiple Choice

The median voter's preferred outcome is the same as the

• A)average preferred outcome.
• B)outcome preferred by the greatest number of voters.
• C)outcome produced by majority rule.
• D)outcome preferred by Arrow's "perfect" voter.

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Definitions:

Stock Portfolios

Collections of stocks or equities owned by an individual or institution, diversified to manage risk and investment return.

Merrill Lynch

Merrill Lynch, now under Bank of America, is a prominent global wealth management, capital markets, and advisory company.

Realized Capital Gains

Realized capital gains refer to the profits earned from the sale of an asset, like stocks or real estate, which exceed the purchase price, and are only "realized" upon the sale of the asset.

Wealth Effect

The change in spending that accompanies a change in perceived wealth, usually the result of changes in the value of assets like property or stocks.