This topic contains a solution. Click here to go to the answer

Author Question: Explain the Median Voter Theorem. What will be an ideal response?[br][br][b][color=black]Question ... (Read 143 times)

ereecah

  • Hero Member
  • *****
  • Posts: 530
Explain the Median Voter Theorem.
 
  What will be an ideal response?

Question 2

Why might an increase in the minimum wage cause more unemployment among those with the least education, job experience and maturity?
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

maya.nigrin17@yahoo.com

  • Sr. Member
  • ****
  • Posts: 324
Answer to Question 1

Suppose voters are arranged along a distribution according to their preferences. The voter in the middle of this distribution, meaning that he or she has equal numbers of voters to his left and right, is called the median voter. The Median Voter Theorem states that, when preferences are single peaked, the political bliss point of the median voter will receive a majority of votes against any other alternative policy. This implies that there cannot be a Condorcet Paradox because the political bliss point of the median voter beats any other alternative.
A-head: CONFLICT OF INTEREST AND POLITICAL ECONOMY
Concept: The Median Voter Theorem

Answer to Question 2

The reason is that employers pay a wage that is no higher than the worker's value to them of an additional hour's work. Raising the minimum wage will force employers to let go of their least productive workers who are likely to be those with the least amount of education, job experience and maturity.




ereecah

  • Member
  • Posts: 530
Reply 2 on: Jun 29, 2018
Gracias!


matt95

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Excellent

 

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

For a complete list of videos, visit our video library