Microeconomics
13th Edition
ISBN: 9781337617406
Author: Roger A. Arnold
Publisher: Cengage Learning
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Chapter 18, Problem 2WNG
To determine
Outcome of the election.
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What is the significance of the concept of rational ignorance?
Question options:
It explains why voters are swayed by single-issue voting.
It explains why the majority of voters feel that their vote is important in determining the outcome of an election.
It explains how false or exaggerated political advertising influences voting behavior.
It explains why many people do not vote.
Explain why according to the theory of rational ignorance, an individual will decide not to participate in the election process (vote).
Explain why majority rule respects the preferencesof the median voter rather than those of the averagevoter.
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- All of the following statements are true about median voter theory, except: Select the correct answer below: The median voter is in the middle of the political spectrum. The effects of the U.S. sugar lobby supports median voter theory. Median voter theory suggests that if a candidate needs more than 50% to win an election, the best way to win is to have median preferences. The median voter theory argues that politicians will try to match policies to what pleases the median voter preferences.arrow_forwardIs it rational for voters to be informed? Is it rational for them to vote? Discuss the incentives that voters face and the calculations they might make. (Authentic answers with sources please)arrow_forwardIn a congressional district somewhere in the U.S., a new representative is being elected. The voters all have one-dimensional political views that can be neatly arrayed on a left-right spectrum. We can define the ”location” of a citizen’s political views in the following way. The citizen with the most extreme left-wing views is said to be at point 0 and the citizen with the most extreme right-wing views is said to be at point 1. If a citizen has views that are to the right of the views of the fraction x of the state’s population, that citizen’s views are said to be located at point x. There are two candidates for the congressional seat and they are forced to publicly state their own political position simultaneously on the zero-one left-right scale. 1.a Suppose voters always vote for the candidate whose stated position is nearest to their own views and suppose each candidate cares only about getting as many votes as possible. In equilibrium, what will be the two candidates’ positions?…arrow_forward
- Consider the race for governor of a small state. The population of the state is evenly divided between three cities-Riverville, Hanover, and Danbury. The governor's race is between Ron Ruskin (the mayor of Riverville) and Ted Topple (the mayor of Hanover). Assume that no matter what is said during the campaign, Ruskin can count on the support of 100% of the Riverville population, and Topple can count on the support of 100% of the Hanover population. Assume 100% voter participation. According to the result of majority-rule voting, the next governor will be the one preferred by the majority of the residents of The two candidates are asked in a debate about their support of recreational subsidies. Public opinion polls in the city you just identified have shown the following about the level of recreational subsidies desired: • 70% want a low level 20% want a medium level • 10% want a high level Assuming that voters prefer outcomes closer to their preferred choices to outcomes further away,…arrow_forwardArrow's impossibility theorem states that under certain assumptions about preferences, no voting system exists that satisfies all of the following properties: • Unanimity • Transitivity • Independence of irrelevant alternatives • No dictatorsarrow_forward
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