Evaluate the Following Statement, Addressing What Parts, If Any, Are

question 7

Essay

Evaluate the following statement, addressing what parts, if any, are right and which are wrong:
Jointing in rocks does not affect the flow of groundwater at depths greater than 10- 20m because all fractures close below that depth. Jointing is important, however, to engineers interested in stability of slopes and locating structures because joints can slide or open under gravitational forces on slopes.

Understand the role of secondary effects and unintended consequences in economic policies.

Appreciate the multifaceted nature of resources in economic theories, including their classification and exchange.

Understand the concept of rational self-interest and its implications in economic decision-making.

Identify the criteria for a good economic theory and the importance of predictions.

---

Definitions:

Population Proportion

The ratio of members in a population who have a certain attribute to the total number of members in the population.

Equal Chance

The principle or condition ensuring that all outcomes or members of a group have the same probability of occurrence or selection.

Central Limit Theorem

A statistical theory that states that, given a sufficiently large sample size, the distribution of the sample mean will be approximately normally distributed, regardless of the distribution of the parent population.

Sample Mean

The sample mean is the average value of a sample set, calculated by adding together all of the observations and dividing by the number of observations.