Examlex
To make a market efficient in the presence of a negative externality,a tax could be imposed that is equal to the marginal
Selection Bias
A type of bias caused by choosing non-random data for statistical analysis, which can cause the results to not be representative of the whole population.
Deductive Reasoning
A rational procedure in which an inference is derived from the harmony of multiple statements thought to be valid.
Deductive Reasoning
A reasoning strategy where a judgment is drawn from the alignment of various propositions typically considered factual.
Inductive Reasoning
A method of reasoning in which specific observations or data are analyzed to form a general conclusion or principle.
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