Examlex
Explain how the labor force participation rate,the unemployment rate,and the percentage of the labor force employed part time change in a recession.
Median-Voter Model
A political theory suggesting that the outcome of majority rule voting systems will represent the preferences of the median voter.
Public Good
A good that is non-excludable and non-rivalrous, meaning it can be enjoyed by all members of society without reducing its availability to others.
Majority Vote
A decision rule that selects alternatives which have a majority, that is, more than half the votes.
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