The _____ Is the One Whose Preferences Lie in the Middle

question 72

Multiple Choice

The _____ is the one whose preferences lie in the middle of all voters' preferences.

• A)median voter
• B)taxpayer
• C)political candidate
• D)private market
• E)labor union

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Definitions:

Accrual Basis

An accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged.

Expenses

The cost of assets consumed or services used in the process of earning revenue.

Depreciation Expense

Depreciation Expense is an accounting method of allocating the cost of a tangible asset over its useful life.

Accounts Payable

Money owed by a business to its suppliers or vendors for goods and services purchased on credit.