The Median Voter Must Have Preferences That Reflect Those of All

question 2

Multiple Choice

The median voter must have preferences that reflect those of all people in the community.

• A) True
• B) False
• C) Uncertain

---

Definitions:

Regulatory Capture

A situation where regulatory agencies are dominated by the industries they are charged with regulating, often leading to policies that benefit the industry over the public.

Regulatory Agencies

Government bodies responsible for supervising the application of laws and regulations within specific industries to ensure fairness, safety, and compliance.

Unelected Officials

Individuals serving in governmental positions who have not been elected but are appointed or hired within the bureaucracy.

Public Good

Services or products offered freely to the whole of a community, delivered by the government or by non-profit organizations and individuals, without seeking profit.