Which of the Following Is True

question 32

Multiple Choice

Which of the following is true?

• A) Changes in personal costs and benefits will exert a predictable influence on the choices of people.
• B) If one individual gains from an economic activity, then someone else must lose.
• C) If a good is provided free to an individual by government, its production will not consume valuable scarce resources.
• D) If the intentions behind a policy are good, you can be assured that the outcome will be desirable.

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Definitions:

P-Value

The probability of obtaining a test statistic at least as extreme as the one observed, under the assumption that the null hypothesis is true, used in hypothesis testing to determine statistical significance.

Degrees Of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution or test without violating any constraint.

P-Value

It calculates the probability that the observed differences between groups in a study could have happened by chance, used in hypothesis testing.

Right Tailed

A term used in hypothesis testing to describe a test where the critical area, or the area of interest, is located in the right tail of the probability distribution.