Which One of the Following Statements Is NOT Correct Regarding

question 56

Multiple Choice

Which one of the following statements is NOT correct regarding probabilistic and non-probabilistic sample selection?

• A) In probabilistic selection, every population item has a known chance of being selected.
• B) It is not acceptable to make non-statistical evaluations using probabilistic selection.
• C) Probabilistic selection is required for all statistical sampling methods.
• D) Both methods are acceptable and commonly used.

Identify the characteristics that define common resources, private goods, public goods, and artificially scarce goods.

Differentiate between excludable and nonexcludable goods.

Differentiate between rival and nonrival goods.

Recognize examples of common resources and understand why they are considered as such.

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Definitions:

Reconciliation

The process of restoring friendly relations or making one's beliefs or actions consistent with another.

Checking Account

A checking account is a bank account that allows for easy access to funds, including deposits and withdrawals, usually without limits on the number of transactions.

Financial Records

Documents that track and provide information about the financial activities, situation, and performance of an individual or organization.

Disbursements

Payments made by a business or organization, often involving the distribution of funds, such as payroll or expense reimbursements.