Units 13 + 8 | Exam 1 Flashcards

1
Q

majority

A

over half

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2
Q

Plurality

A

candidate with the most first place votes wins

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3
Q

Borda Count

A

highest count wins election, assign point to each place and add up

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4
Q

Plurality with Elimination

A

candidate wins with the majority of votes, if no one has a majority of first place votes eliminate candidates until someones does

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5
Q

Pair Wise comparison

A

head to head comparisons where every winner gets 1 point and every tie both candidates get 1/2 points, candidate with most points wins

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6
Q

Majority fairness criterion

A

if a candidate wins the majority of first place votes, the candidate should win the election

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7
Q

Head to Head fairness criterion

A

if a candidate beats every other candidate in a head to head comparison, then the candidate should win the election

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8
Q

Monotonicity criterion

A

a candidate who wins a first election and then gains additional support without losing any of the original support should also win the second elecetion

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9
Q

Arrows Impossibility Theorem

A

it is mathematically impossible for any democratic voting method to simultaneously satisfy each of the four fairness criteria

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10
Q

apportion

A

to allot a discrete number of objects or people in an appropriate, and fair way

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11
Q

standard divisor

A

the total population divided by the number of items to be apportioned

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12
Q

standard quota

A

the population divided by the standard divisor

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13
Q

lower quota

A

the standard quota rounded down to the nearest whole number

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14
Q

upper quota

A

the standard quota rounded up to the nearest whole number

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15
Q

Hamilton’s method

A

Step 1: Calculate the group’s standard quota
Step 2: Initially, assign each group their lower quota
Step 3: Give the surplus items, one at a time, to the groups with the largest decimal parts in their standard quotas. Do this until all surplus items are allocated

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16
Q

modified divisor

A

a divisor that is altered to yield a preferred result

17
Q

modified quota

A

a quota obtained with a modified divisor

18
Q

Jefferson’s method

A

Step 1: Find a suitable modified divisor
Step 2: Use modified divisor to find each state’s modified quota
Step 3: Apportion to each state its modified lower quota

19
Q

Adam’s method

A

Step 1: Find a suitable modified divisor
Step 2: Use modified divisor to find each state’s modified quota
Step 3: Apportion to each state its modified upper quota

20
Q

Webster’s Method

A

Step 1: Find a suitable modified divisor
Step 2: Use modified divisor to find each states modified quota
Step 3: Apportion to each state its modified quota, conventionally (round normally)

20
Q

The Quota Rule

A

A group apportionment should be either its upper quota or its lower quota. An apportionment method that guarantees this will always occur is said to satisfy the quota rule

21
Q

The Alabama Paradox

A

an increase in the total number of items to be apportioned results in the loss of an item for a group

22
Q

Population Paradox

A

Group A loses items to Group B, even though the population of Group A grew at a faster rate than that of Group B

23
Q

New States Paradox

A

the addition of a new group changes the apportionment of other groups

24
Balinski Young Impossibility
There is no perfect apportionment method. Any apportionment method that does not violate the quota rule must produce paradoxes, and any apportionment method does not produce paradoxes must violate the quota rule.
25
Gross Income
total income
26
Adjusted Gross Income
determined by subtracting ADJUSTMENTS from gross income
27
Taxable Income
the adjusted gross income less EXEMPTIONS and DEDUCTIONS
28
Tax Credit
reduces your total tax bill by the amount of the credit
29
Tax Deduction
reduces your taxable income by the amount of the deduction
30
Income Tax
is the computed tax less the tax credits
30
FICA
taxes collected and used for Social Security and Medicare Benefits
31
Annuity
series of periodic statements
32
Ordinary Annuity
an annuity in which payments are made at the end of the payment period
33