In Figure 2, We Illustrate a Situation Where We Have

question 3

Multiple Choice

In Figure 2, we illustrate a situation where we have a bicameral legislature. The location of the status quo policy is SQ, the location of the median voter in the lower chamber is LC, and the location of the median voter in the upper chamber is UC. Assume that both median voters have a single-peaked utility function and that the support of both chambers is needed to pass a new policy. Assume that a voter will vote for a new policy over the status quo if she is indifferent between them.
Figure 2: Illustrating a Bicameral Legislature

-In Figure 2, what is the overlapping range of policies preferred by both chambers to the status quo?

• A) 3-5
• B) 2-3
• C) 3-6
• D) 3-9
• E) 6-10

Identify strategies to reduce relationship conflict during constructive conflict episodes.

Understand the role of communication in conflict and conflict management.

Recognize the importance and methods of achieving win-win solutions in conflict resolution.

Understand sources of conflict including resource scarcity and task interdependence.

---

Definitions:

CDs

Short for Compact Discs, a digital optical disc data storage format used to store music, data, or software.

Federally Insured

Protection or guarantee by the federal government for deposits in banks or investments, safeguarding against loss.

Secured Bonds

Secured Bonds are debt securities backed by collateral to reduce the risk associated with lending, enhancing the bondholder’s security.

Bondholders

Individuals or entities that hold debt securities issued by corporations or governments, entitling them to interest payments and the principal investment return at maturity.