Examlex
When variability in a data set is large,the standard deviation will be ____; when variability is small,the standard deviation will be ____.
Spillover Effects
Spillover Effects are unintended consequences of an economic activity that affect third parties who are not directly involved in the activity itself.
Nonconsenting Third Parties
Nonconsenting third parties are individuals or groups that are affected by the actions of others without having agreed to or participated in the decision-making process.
Externalities
Costs or benefits that affect a party who did not choose to incur those costs or benefits, often leading to market failure if not addressed.
Allocation of Resources
The process of distributing available resources among various uses or projects in order to achieve desired outcomes or maximize efficiency.
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