One Implication of the Median-Voter Model Is That at Any

question 15

Multiple Choice

One implication of the median-voter model is that at any point in time, most voters will

• A) be happy with the amount of government involvement in the economy.
• B) find government involvement in the economy to be too much.
• C) find government involvement in the economy to be too little.
• D) be unhappy with the amount of government involvement in the economy.

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Definitions:

Worker

An individual who performs labour for a company or another person in exchange for compensation.

Diminishing Returns

A rule that implies that after reaching a certain threshold, the profit rate from investing more into a specific sector won't keep rising unless there are changes in other contributing factors.

Production Function

An equation that describes the maximum output that can be achieved with a given set of inputs.

Labor

The use of human mental and physical efforts in the process of producing goods and offering services.