Which of the Following Statements Is True

question 9

Multiple Choice

Which of the following statements is true?

• A)In a market system, costs and benefits are publicly posted by individual participants.
• B)In a nonmarket system, individuals voluntarily sacrifice self-interest.
• C)Only in a market system does greed play a motivational role.
• D)It is easy to calculate costs and benefits in a market system.
• E)Regardless of the economic system, it is difficult to measure all costs and benefits.

---

Definitions:

Nonparametric Tests

Statistical tests that do not assume a specific distribution shape for the population from which the samples are drawn.

Underlying Population

This term refers to the entire group from which a sample is drawn for statistical analysis, representing the total set of observations of interest.

Population Distributions

Population distributions describe how the values of a particular variable or characteristic are spread out across all members of a population.

Wilcoxon Rank Sum Test

A nonparametric statistical test used to compare two independent samples to determine if there is a difference in their population median values.