Examlex
Hotelling's model has been used to describe differentiation in the political "market".Suppose that 100 voters are evenly arrayed between the extreme left and the extreme right on the political spectrum,and that all voters vote,and they always vote for the candidate closest to them on this spectrum.The numbers on this spectrum represent the number of voters lying to the left of the number.So,at the midpoint,fifty voters lie to the left and fifty to the right.At the extreme right end,all 100 voters lie to the left.
Refer to the information given above.If Candidate Y is running against Candidate Z:
Martin Luther King Jr.
A prominent leader in the American civil rights movement, known for his nonviolent protests against racial segregation and his "I Have a Dream" speech.
Assassinated
The act of murdering a prominent figure, often for political reasons, by a surprise attack.
Garbage Workers' Strike
A significant labor strike, often referring to the 1968 Memphis Sanitation Workers' Strike, where African American workers protested for better wages and working conditions.
Open Housing Act
Part of the Civil Rights Act of 1968 in the United States, which prohibited discrimination concerning the sale, rental, and financing of housing based on race, religion, national origin, and sex.
Q3: Suppose a competitive firm and a monopolist
Q15: Assume that a firm uses 13 employee-hours
Q19: Which of the following is not an
Q56: A fixed factor of production:<br>A) is fixed
Q61: Curly just graduated from State U and
Q88: In exchange for a share in the
Q92: Moe's parents frequently tell him how it
Q101: Taylor lives in a residential neighborhood
Q124: Josie has an undergraduate degree in economics
Q132: Megafirm is the only provider of products