Inefficient Overproduction of a Public Good by the Government Is

question 176

Multiple Choice

Inefficient overproduction of a public good by the government is

• A) the only efficient method of producing public goods.
• B) not likely to occur when voters choose rational ignorance.
• C) the term used to describe a surplus of a public good.
• D) one explanation of why government might be large.
• E) not likely to occur if voters are rationally ignorant.

---

Definitions:

Extreme Values

Observations that are significantly higher or lower than the majority of data points in a data set, often perceived as outliers.

Chebysheff's Theorem

A statistical theorem that provides a minimum bound on the proportion of observations within a specified number of standard deviations from the mean for any distribution shape.

Bell Shaped Distribution

A probability distribution that forms a symmetric bell-shaped curve, commonly associated with the normal distribution.

Coefficient of Variation

A uniform metric showing the spread of a probability or frequency distribution as a percentage relative to the average.