One of the Conditions That Must Exist for the Median-Voter

question 13

Multiple Choice

One of the conditions that must exist for the median-voter theorem to hold is:

• A)there is a single one-dimensional policy question.
• B)candidates win by majority vote.
• C)there are only two candidates.
• D)All of these are conditions that must exist.

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Definitions:

Percent

A part or other object per hundred, used in making comparisons or showing proportion.

CPI

The Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, often used as an indicator of inflation.

Percent Increase

The ratio, expressed as a percentage, by which a quantity increases relative to its original value.

Net Income

The amount of money left after all expenses, including taxes and costs, are subtracted from total revenues.