Each Semester, Your School Budgets for a Certain Amount of Office

question 38

Multiple Choice

Each semester, your school budgets for a certain amount of office supplies, including paper to use in the printers available in your school's computer labs.If the supplies run out, the school cannot afford to purchase more until the following semester.Students are allowed to freely access the computer labs and print out their homework or papers for class, and there is no policing of how much each student prints.The school estimates that each student will print about 200 pages per semester.If enough students exceed this limit, the computer labs may run out of paper before the end of the semester; students will then no longer be able to freely print out their assignments for class and will have to make other arrangements to ensure they turn in their work on time.This scenario describes which common problem in politics?

• A)transaction costs
• B)free-rider problem
• C)tragedy of the commons
• D)gatekeeping
• E)bargaining failure

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Definitions:

Q1

The first quartile in a data set, marking the value below which 25% of the data points fall.

Q2

The second quartile in a data set, also known as the median, which divides a data set into two equal halves.

Q3

The third quartile in a data set, representing the midpoint between the median and the highest value of the dataset.

Percentile Points

Values that divide a set of observations into 100 equal parts, often used to interpret scores in tests.