Which of the Following Is Necessary for the Median Voter

question 34

Multiple Choice

Which of the following is necessary for the Median Voter Theorem?

• A) single-peaked preferences
• B) double-peaked preferences
• C) identical preferences for all voters
• D) unknown preferences.

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Definitions:

Unrealized Gain

An increase in the value of an asset that has not been sold, thus not yet generating actual profit.

Readily Marketable

Items or securities that are readily marketable can be quickly sold in the market without significantly affecting their price.

Operating Cycle

The duration of time it takes for a company to purchase inventory, sell products, and receive cash from sales, representing the full cycle of a business's operations.

Short-Term Investments

Investments typically expected to be converted into cash within one year, such as stocks or bonds.