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A Study Attempted to Estimate the Proportion of Florida Residents

question 65

Multiple Choice

A study attempted to estimate the proportion of Florida residents who were willing to spend more tax dollars on protecting the beaches from environmental disasters.Twenty-five hundred Florida residents were surveyed.What type of data collection procedure was most likely used to collect the data for this study?


Definitions:

Total Supply

The total amount of a product or service available for purchase at any given price point.

Henry George

A 19th-century economist known for his belief that people should own the value they produce but that land and natural resources should belong to the community.

Economic Rent

Extra income generated because of ownership of a scarce resource or possession of a unique skill or capability.

Zero Price Elasticity

A situation where the demand for a good or service remains unchanged regardless of changes in its price.

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