The Range and the Standard Deviation Are Both Measures of Distance

question 75

True/False

The range and the standard deviation are both measures of distance.

---

Definitions:

Free-Rider Problem

A situation where individuals consume a good or service without contributing to its cost, often leading to underprovision of that good.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be used simultaneously by more than one person without diminishing availability to others.

Location Subsidies

Financial incentives provided by governments to encourage businesses to establish operations in specific areas, often to stimulate economic growth.

Tax Breaks

Financial incentives or reductions in tax liabilities, intended to encourage certain activities or investments.