A __________ Number Generator Produces a Deterministic Sequence of Numbers

question 20

Short Answer

A __________ number generator produces a deterministic sequence of numbers or bits that has the appearance of being a truly random sequence.

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Definitions:

Marginal Social Cost

The cost to society of producing an additional unit of a good or service, including both private costs and any externalities.

Marginal Social Benefit

The additional gain to society as a whole from an additional unit of a good or service.

Emissions Tax

A tax imposed on the emission of pollutants, aimed at reducing the environmental externality costs of these emissions.

Optimal Tax

A tax designed to generate government revenue with the minimum economic distortion or welfare loss.