In Determining the Accuracy of Sample Estimates, the Proportion of the Population

question 19

True/False

In determining the accuracy of sample estimates, the proportion of the population sampled is more important than the absolute size of the sample.

Explore the concept of marginal social cost (MSC) and its relation to the efficient provision of goods.

Understand the role of voluntary contributions and government intervention in providing public goods.

Analyze the effects of external factors on the efficient provision and consumption of goods.

Examine strategies for managing common resources and public goods, including Pigouvian taxes, tradable licenses, and property rights.