Efficient Government Intervention Requires That ________

question 33

Multiple Choice

Efficient government intervention requires that ________.

• A) the costs of government enforcement be zero
• B) the marginal benefits of intervention be equal to the marginal costs of intervention
• C) intervention should continue until all negative externalities have been eliminated
• D) there be no productivity losses in the private sector as a result of government intervention

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Definitions:

Influenced By Outliers

This describes the impact that anomalous data points, which differ significantly from other observations, have on statistical analyses, potentially skewing the results.

Mean

The mean is a measure of central tendency that is calculated by adding up all values in a dataset and dividing by the number of values.

Variance

The statistical measurement of the spread between numbers in a data set, indicating how much the elements differ from the mean.

Accounting Data

Financial information and records pertaining to a company's operations, financial position, and cash flows.