Which of the Following Is Most Likely to Be Used

question 77

Multiple Choice

Which of the following is most likely to be used efficiently?

• A)A privately-owned natural resource
• B)A private good that entails an external cost
• C)A publicly-owned natural resource
• D)A private good that entails an external benefit

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Definitions:

Null Hypotheses

A statement in statistical testing that assumes no effect or no difference between groups or variables.

Sick Leave

Time off from work that employees can use to recover from illness without losing pay.

Incentive Program

A structured plan designed to encourage or motivate individuals or groups to perform certain tasks or achieve specific goals.

Commuted

The action of altering a penalty to a less severe one or the process of traveling regularly over a long distance between one's home and place of work.