For a Good to Be Efficiently Provided by the Private

question 56

Multiple Choice

For a good to be efficiently provided by the private market, which of the following is essential?

• A)It is rival in consumption.
• B)It is excludable.
• C)It is a common resource.
• D)It is rival in consumption and it is excludable.

Understand the concept of significance levels and p-values in the context of hypothesis testing.

Learn to construct and interpret confidence intervals for the mean difference in independent samples.

Recognize the importance of sample size and variance in estimating population parameters.

Understand and apply the t-test for comparing means before and after a treatment.