The Median-Voter Model Attempts to Explain Why _____

question 29

Multiple Choice

The median-voter model attempts to explain why _____

• A)law partners seldom agree on the division of costs.
• B)the preferences of the typical voter often dominate other choices in a democracy.
• C)democracies evolve into dictatorships.
• D)people are largely oblivious to most public choices.
• E)resources employed to persuade government to redistribute income and wealth to special interests are unproductive.

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Definitions:

Legal Sufficiency

The measure of whether a legal document or action meets the minimum requirements of the law to be enforceable.

Bilateral Contract

An agreement where each of the two parties makes a promise or set of promises to the other, creating mutual obligations.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to another party if the latter has relied on that promise to their detriment.

Stock Option

A financial instrument granting the holder the right, but not the obligation, to buy or sell a stock at an agreed-upon price within a certain period.