The Median Voter Theorem Implies That Politicians

question 37

Multiple Choice

The median voter theorem implies that politicians:

• A) have a strong incentive to listen to the wishes of special interest groups.
• B) only have to satisfy a small number of voters.
• C) should never associate too strongly with one party.
• D) have the incentive to listen to voters on issues that voters care about.

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Definitions:

Effective Tax Rate

The average rate at which an individual or business is taxed on their total income, after deductions and credits.

GAAP

Generally Accepted Accounting Principles, which are a collection of commonly followed accounting rules and standards for financial reporting.

Quarterly Income

The net income earned by a company during a three-month period, typically reported in quarterly financial statements.

Operating Segments

Components of an enterprise that engage in business activities from which it may earn revenues and incur expenses, whose operating results are regularly reviewed by the entity's chief operating decision maker.