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Describe the Different Usage of Bulleted Lists, Numbered Lists, and Lettered

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Describe the different usage of bulleted lists, numbered lists, and lettered lists.


Definitions:

Median Voter

A theoretical concept in political economy and public choice theory that suggests policies are determined by the preferences of the median voter when voters are positioned along a single policy dimension.

Voter Type

Refers to categories of voters distinguished by specific characteristics such as political preference, age, or socioeconomic status.

Arrow Impossibility Theorem

A principle stating that no rank-order voting system can be designed that always satisfies three fairness criteria: non-dictatorship, unrestricted domain, and independence of irrelevant alternatives.

Social Choice

The study of collective decision processes and voting systems, analyzing how individual preferences are aggregated to reach a collective decision or social welfare outcome.

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