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What is economic voting?

  1. Voting based on social issues

  2. Deciding based on a party's stance on environmental policies

  3. Choosing a party based on perceptions of its economic management

  4. Participating in referendums

The correct answer is: Choosing a party based on perceptions of its economic management

Economic voting refers to the practice where individuals choose a political party or candidate primarily based on their perceived effectiveness in managing the economy. Voters often evaluate the economic performance of the government or the party in power and use that information to inform their decisions at the polls. Factors such as unemployment rates, inflation, and overall economic growth can significantly influence voter sentiment and ultimately their choices during elections. The other options are less aligned with the concept of economic voting. For instance, voting based on social issues focuses on topics like healthcare, education, and civil rights, rather than economic factors. Similarly, deciding based on a party's stance on environmental policies specifically relates to ecological concerns and sustainability, which are not inherently economic issues. Lastly, participating in referendums does not directly correlate with economic management; it involves decision-making on specific issues rather than a general performance evaluation of an economy.