Microeconomics
13th Edition
ISBN: 9781337617406
Author: Roger A. Arnold
Publisher: Cengage Learning
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Question
Chapter 18.4, Problem 2ST
To determine
Tax and outcome of a vote.
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"No voting system is perfect." What does it mean by economist K. Arrow? Give a brief account on Condorcet Voting Paradox. A public school district is voting on the school budget and the resulting student-teacher ratio. A poll finds that 20 percent of the voters want a ratio of 9:1, 25 percent want a ratio of 10:1, 15 percent want a ratio of 11:1, and 40 percent want a ratio of 12:1. What outcome would you expect the district to
In 2012, only about two-thirds of New Mexico's eligible voters showed up to vote. Should this be considered a problem for New Mexicans or not. Give two reasons to support your argument.
Which of the following statements is false?
a.
Public choice economists often explain low voter turnouts in terms of the individual costs and benefits of voting.
b.
In some instances, simple majority voting leads to a project being undertaken even though the total costs of the project exceed the total benefits.
c.
If an individual will only vote if he or she feels that his or her vote will make a difference in the election, it is likely that he or she will vote.
d.
Simple majority voting fails to take into account the intensity of individuals' preferences.
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- Explain how affirmative and negative majority votes can sometimes lead to inefficient allocations of resources to public goods. Is this problem likely to be greater under a benefits-received or under an ability-to-pay tax system? Use the information in Figures 17.1a and 17.1b to show how society might be better off if Adams were allowed to buy votes.arrow_forwardAnswers to all 4 partsAssume there are three voters: A, B and C. Voter preferences can be ranked along a left-to-rightspectrum that ranges from 1-9; 1 being the most left leaning preference and 9 being the mostright leaning preference. Suppose these voters will choose between candidates Smith and Jonesin an upcoming election.Assuming the following voter preferences:Voter ID Preference (1-9)A 4B 5C 6A. True/False Explain: If the median voter theorem holds, candidates Smith and Jones willeither both adopt preference 5 OR one will adopt preference 4 while the other adoptspreference 6.B. Suppose the electorate becomes more polarized; A moves from 4 to 1 while C moves from 6to 9. B remains at 5. How does the median voter model predict candidates Smith and Joneswill change their preference?C. Keeping the assumptions from…arrow_forwardCan democracy survive if a majority of the citizenry paylittle or nothing in taxes while benefiting directly from ahigher level of government spending? Why or why not?Discuss.arrow_forward
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