One Implication of the Median Voter Model Is That Candidates

question 89

Multiple Choice

One implication of the median voter model is that candidates running for political office take polls because

• A)everyone does it.
• B)they want to know if they should maintain their current positions or modify them.
• C)it is good public relations, since if the public learns that the candidate is taking polls, the public will feel that the candidate cares what it thinks.
• D)taking polls is tax deductible.

---

Definitions:

Interest Rate

The cost of borrowing money or the return on investment, expressed as a percentage, charged by lenders to borrowers for the use of their money.

Substitution Effect

The change in demand for a good or service caused by a change in its price, making consumers replace it with a cheaper alternative.

Income Effect

A change in consumption patterns resulting from a change in real income due to variations in prices, other factors remaining constant.

Savings Rate

The proportion of disposable income that is saved by individuals or entities, rather than spent, often expressed as a percentage.