The Median Voter Theorem Suggests That, All Things Being Equal

question 75

Multiple Choice

The median voter theorem suggests that, all things being equal, if voters select candidates based upon ideology, the _________.

• A) party closer to the right wins
• B) party closer to the left wins
• C) party closer to the middle wins
• D) party closer to the Democrats wins
• E) party closer to a third party wins

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Definitions:

Allowances

A deduction from the gross amount on an invoice by the buyer for goods purchased or to cover some type of shortcoming.

Purchase Discounts

Reductions in the price of goods or services allowed by the seller for early payment by the buyer.

Contra Expense Accounts

Accounts that are used to offset or reduce expense accounts on the income statement, resulting in the net amount of expense being reported.

Normal Credit Balances

Accounts on a company's balance sheet that are expected to have credit balances, such as liabilities, equity, and revenue.