Assuming That the Two Key Restrictions on Preferences Fundamental to the Median

question 30

Essay

Assuming that the two key restrictions on preferences fundamental to the median voter model hold,list the condition that must be satisfied for the outcome preferred by median voter to be considered economically efficient.List one real world example that comes close to this condition.

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Definitions:

Depression

State marked by either a sad mood or a loss of interest in one’s usual activities, as well as feelings of hopelessness, suicidal ideation, psychomotor agitation or retardation, and trouble concentrating.

Sexual and Physical Abuse

Actions that inflict sexual and/or physical harm upon an individual, often leading to significant psychological trauma and distress.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally triggers a reflexive response without the need for prior learning.

Conditioned Response

A learned reaction to a stimulus that was previously neutral but has become conditioned through association.