The Median-Voter Theorem Can Help Explain One Reason Why Politicians

question 72

Multiple Choice

The median-voter theorem can help explain one reason why politicians tend to change their position on a given issue over the course of an election from:

• A) extreme to moderate.
• B) moderate to extreme.
• C) extreme to more extreme.
• D) one extreme to the other.

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Definitions:

Chattel Mortgage

A loan arrangement in which personal movable property is used as security for the loan, and the lender holds a mortgage over the chattel.

Trust Receipts

Documents that acknowledge the receipt of goods that are held in trust for the lender until the loan associated with the goods is paid.

Blanket Lien

A type of lien that gives the creditor the rights to seize nearly all types of assets and property of the debtor in the event of default.

Trade Credit

A type of commercial financing where a buyer is allowed to purchase goods or services and pay the supplier at a later scheduled date.