There Is Much World Concern Over the Deteriorating Condition of the Pyramids

question 38

Multiple Choice

There is much world concern over the deteriorating condition of the Pyramids and other historical structures in Egypt.While people of all nations enjoy visiting these structures, there has been little financial support for preservation coming from within Egypt or from elsewhere.Economists would describe this as an example of

• A)an externality.
• B)a public good.
• C)a free rider problem.
• D)imperfect information.

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Definitions:

Median

The middle value in a data set, which divides it into two equal halves, or the value that occurs at the 50th percentile.

Mode

The value that occurs most frequently in a given data set.

Symmetric Distribution

A distribution where data is evenly distributed around the mean, with the left half mirroring the right half.

Mean

The central value of a dataset, calculated as the sum of all the numbers divided by the count of numbers in the dataset.