Majority Rule Will Produce the Outcome Most Preferred by the Median

question 95

Multiple Choice

Majority rule will produce the outcome most preferred by the median voter, as demonstrated by the

• A)Arrow impossibility theorem.
• B)Condorcet paradox.
• C)pairwise voting proposition.
• D)median voter theorem.

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Definitions:

Modified AGI

Adjusted Gross Income with certain deductions and exclusions added back in, used to determine eligibility for certain tax benefits.

Adjusted Gross Income

An individual's total gross income minus specific deductions allowed by the IRS, used to determine tax liability.

Deduction

An expense that can be subtracted from gross income to reduce the taxable income.

Imputed Interest Rules

Regulations set by the IRS to assign a reasonable interest rate to financial transactions that do not state their own interest or whose interest is deemed insufficient.