Use the Given Degree of Confidence and Sample Data to Construct

question 109

Multiple Choice

Use the given degree of confidence and sample data to construct a confidence interval for the population proportion p
-Margin of error: $0.07$ ; confidence level: $90 \%$ ; from a prior study, $\hat{\mathrm { p }}$ is estimated by $0.19$ .

• A) 255
• B) 6
• C) 85
• D) 75

Explain the principles that justify government intervention in income distribution, like the ability-to-pay principle.

Analyze the economic implications of welfare programs, including their effects on work incentives and deadweight loss.

Distinguish between the political perspectives on welfare programs.

Identify factors contributing to rising inequality in the United States, including the role of technological change.

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Definitions:

Rational Behavior

Decision-making processes that are logical and based on weighing the benefits and costs of various options.

Goal-Oriented Behavior

A pattern of behavior driven by the pursuit of specific objectives or desired outcomes, often characterized by focused effort and planning.

Rawls

Pertains to John Rawls, an American political philosopher known for his work in moral and political philosophy, especially in the theory of justice as fairness.

Rawls's Model

is a theoretical framework for justice suggested by philosopher John Rawls, emphasizing fairness and equality through the principles of liberty and difference.