The Median Voter Model Predicts That

question 114

Multiple Choice

The median voter model predicts that

• A) both candidates in a two-person race will definitely move toward the middle of the political spectrum as the election approaches.
• B) the candidate (in a two-person race)closer to the middle of the political spectrum (closer to the median voter)on election day will win the election.
• C) conservatives have a higher probability of winning elections than liberals.
• D) liberals have a higher probability of winning elections than conservatives.
• E) voters will often be rationally ignorant of important political issues.

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Definitions:

Price-Level-Adjusted Currency

Currency whose value is adjusted according to changes in a price index, to account for inflation or deflation.

Specific Currency

A particular currency chosen for financial transactions or accounting purposes.

Foreign Exchange

The trading and conversion of different national currencies, as well as the global marketplace where such transactions occur.

Fair Value Adjustment Account

An accounting ledger that reflects adjustments made to ensure assets and liabilities are reported at their fair market value.