In the context of public finance, the 'Median Voter Theorem' predicts that:
A. Voting never produces consistent outcomes
B. The outcome always reflects the preference of the richest voter
C. Under certain conditions, the outcome of majority voting will reflect the preference of the median voter
D. Only unanimous decisions are possible
Answer: Option C
Solution (By JKSSB Mock Tests)
The median voter theorem states that if preferences are single-peaked, majority rule yields the outcome most preferred by the median voter.
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