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A Large Government Encounters a Production Possibilities Frontier Essentially the Same

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A large government encounters a production possibilities frontier essentially the same as one faced by a business firm.


Definitions:

Degrees of Freedom

The number of independent values or quantities that can variably assign to a statistical calculation without breaking any constraints.

P-Value

The probability of obtaining test results at least as extreme as the ones observed during the test, assuming the null hypothesis is true.

Capital Punishment

A legal penalty in some jurisdictions where the state executes a person as a punishment for a crime.

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