Macroeconomics
13th Edition
ISBN: 9781337617390
Author: Roger A. Arnold
Publisher: Cengage Learning
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Question
Chapter 19, Problem 1QP
To determine
Median voter model and its exceptions.
Expert Solution & Answer
Explanation of Solution
The median voter model refers to a two-person contest where the endeavor of political candidates matches the median voter’s preferences. The two politicians, Barry Goldwater (1964) and George McGovern (1972), are at the right and left end of the two ranges from middle, respectively. These two candidates may fall into the middle of the two ranges. However, it is difficult to find out the middle. Thus, it is necessary to note the activities of respective political parties in the next years.
During the presidential election of 1964, the Republican Party with Goldwater suffered a defeat and party chooses a candidate Richard Nixon, who is nearer to the middle of the two ranges. During the election of 1968, the Republican Party wins.
During the election of 1972, the Democratic Party suffered a defeat with George McGovern and party chooses a candidate, Jimmy Carter, who is nearer to the middle of the two ranges and wins in the election of 1976.
Thus, these are not necessarily exceptions to the theory of median voter but correct statements.
Economics Concept Introduction
Median voter model: Median voter model refers to a two-person contest where the endeavor of political candidates matches the median voter’s preferences.
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Students have asked these similar questions
Explain why majority rule respects the preferencesof the median voter rather than those of the averagevoter.
Suppose that Simone believes that the progressive U.S. tax system is flawed because it supports equality of outcomes rather than equality of opportunity.
Which redistributive philosophy is consistent with Simone's view?
Libertarianism
Liberalism
Utilitarianism
Complete the following table by selecting the redistributive philosophy that matches each statement.
Statement
Utilitarianism
Libertarianism
Liberalism
The government should punish crimes and enforce voluntary agreements, but not redistribute
income.
The government should choose policies to maximize the total utility of everyone in society.
The government should choose policies deemed to be just, as evaluated by an impartial
observer behind a "veil of ignorance."
Suppose that Clancy believes that the government should aim to raise the welfare of the poorest people in society, because if we all started in the
exact same position in life and then created rules and laws to obey as a society, people would be concerned about ending up at the bottom of the
income distribution.
Which redistributive philosophy is consistent with Clancy's view?
O Liberalism
O Libertarianism
O Utilitarianism
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