Bundle: Macroeconomics, 13th + Aplia, 1 Term Printed Access Card
Bundle: Macroeconomics, 13th + Aplia, 1 Term Printed Access Card
13th Edition
ISBN: 9781337742375
Author: Roger A. Arnold
Publisher: Cengage Learning
Question
Book Icon
Chapter 19, Problem 1QP
To determine

Median voter model and its exceptions.

Expert Solution & Answer
Check Mark

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.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
On the 1st of April 2018, the South African National Treasury increase the value-added tax rate from 14% to 15%. This policy change had a wide-ranging impact on society. Discuss some of the benefits and drawbacks of making use of this type of tax to generate government revenue and what we may expect in terms of its impact on inflation and GDP growth within the economy.   Please use some of the economics graphs to explain some scenarios
Eskom is South Africa’s monopoly power producer which the majority of South Africans depend on. Suppose there is extensive deregulation in the power industry. What is the impact of this deregulation on the industry? Help me on discussing the new market structure as well as the impact on supply and demand.     Use the relevant diagrams.
Discuss the impact of exchange rate volatility on the economy and its impact on your organisation. Make use of the relevant diagrams.
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning
Text book image
Macroeconomics
Economics
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Cengage Learning
Text book image
Microeconomics
Economics
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Cengage Learning
Text book image
Microeconomics A Contemporary Intro
Economics
ISBN:9781285635101
Author:MCEACHERN
Publisher:Cengage
Text book image
Exploring Economics
Economics
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:SAGE Publications, Inc
Text book image
Microeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning