The Median Voter Theorem States That

question 246

Multiple Choice

The median voter theorem states that:

• A) the median voter tends to be the most informed voter.
• B) candidates whose policies reflect the preferences of the median voter are more likely to win an election.
• C) political success depends on candidates taking positions that are either to the right or left of the political center.
• D) politicians choose policies that, on average, generate more benefits than costs for the average voter.

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Definitions:

Nominal Wage

The wage paid to workers measured in current dollars, without adjustment for inflation.

Price Level

refers to the average of current prices across the entire spectrum of goods and services produced in the economy, often compared over time to assess inflation.

Real Wage

The purchasing power of wages, considering the effect of inflation, representing the quantity of goods and services that can be bought with those wages.

Demand-Enhancing Union

A labor union strategy aimed at increasing demand for the products and services produced by its members.