Person a Argues That Government Is Unnecessary and Often Does

question 4

Multiple Choice

Person A argues that government is unnecessary and often does more harm than good.  Economist A disagrees.  What does economist A --- who believes that there is a legitimate case that can be made for government --- most likely say to support his position?

• A)Government almost always does more good than harm.
• B)Without government, life would be anarchy.
• C)There are some things that individuals want done that can't get done without government.
• D)There are better people going into government work than are going into the private sector.

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Definitions:

Daily Sales

Daily sales represent the total amount of products or services sold by a business during one day.

Critical Value

A threshold value that is compared with the test statistic to determine whether to reject the null hypothesis in hypothesis testing.

P-value

A measure in statistics that helps in determining the significance of results obtained in an experiment or survey. It indicates the probability of observing results as extreme as those observed if the null hypothesis is true.

Average Sales

The mean amount of sales over a certain period, calculated by summing all sales figures and dividing by the number of sales transactions.