Census Refers to

question 70

Multiple Choice

Census refers to

• A)an experimental study to collect data on the entire population
• B)an experimental study to collect data on a sample
• C)a survey to collect data on a sample
• D)a survey to collect data on the entire population

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Definitions:

Principle of Neutrality

The concept that certain measures, such as fiscal policies, should be designed to have a neutral effect on economic choices and competition.

Economic Decisions

Choices made by individuals, businesses, or governments regarding the allocation of scarce resources to satisfy needs and desires.

Excess Burden

The loss of economic efficiency that occurs when a tax or government policy distorts consumer behavior or market outcomes, leading to a decrease in total welfare.

Tax Revenue

The financial gains obtained by governments from tax collection.