The consistency of offering “middle of the road” platforms with the median voter and rational ignorance concept. Concept Introduction: Rational ignorance is the decision that maximizes the utility to remain ignorant on a particular topic. If the action outweighs the opportunity cost of other actions then the decision is taken and if the cost remains short then the decision is not taken. There exist a theorem of median voters that states that “a majority rule voting system will select the outcome most preferred by the median voter".

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A2) Economics Explain the importance of taxation which has been aptly considered one of the three fundamental powers of the state. (police power, eminent domain, taxation)

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Chapter 16, Problem 6P

To determine

The consistency of offering “middle of the road” platforms with the median voter and rational ignorance concept.

Concept Introduction:

Rational ignorance is the decision that maximizes the utility to remain ignorant on a particular topic. If the action outweighs the opportunity cost of other actions then the decision is taken and if the cost remains short then the decision is not taken. There exist a theorem of median voters that states that “a majority rule voting system will select the outcome most preferred by the median voter".

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A2) Economics Explain the importance of taxation which has been aptly considered one of the three fundamental powers of the state. (police power, eminent domain, taxation)

Question 2 A problem with the median voter outcome is that it does not take into account intensity of preferences. Suppose that the government decided to give multiple votes to people with strong preferences, pro or con. Does this solve the problem? Why or why not?

7. Rational voter ignorance Which of the following statements regarding rational ignorance are true? Check all that apply. Rational voter ignorance occurs when a voter chooses a candidate who supports policies that are not in the best economic interest of the voter. Because candidates take stands on a wide range of issues, a rationally ignorant voter may choose not to fully assess the costs and benefits of voting for a particular candidate. A rationally ignorant voter may choose a political candidate based simply on party affiliation or public appearances rather than the candidate's positions on a wide range of issues.