Macroeconomics
13th Edition
ISBN: 9781337617390
Author: Roger A. Arnold
Publisher: Cengage Learning
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Chapter 19.3, Problem 1ST
To determine
Check whether the behavior of a politician is wrong or not according to the median voter model.
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Explain why majority rule respects the preferencesof the median voter rather than those of the averagevoter.
Explain why according to the theory of rational ignorance, an individual will decide not to participate in the election process (vote).
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