This Tests a Numerical Amount to Ensure That It Does

question 17

Multiple Choice

This tests a numerical amount to ensure that it does not exceed a predetermined value nor fall below another predetermined value.

• A) Completeness check
• B) Field check
• C) Limit check
• D) Range check

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Definitions:

Shortsightedness Effect

The misallocation of resources that results because public-sector action is biased (1) in favor of proposals yielding clearly defined current benefits in exchange for difficult-to-identify future costs and (2) against proposals with clearly identifiable current costs that yield less concrete and less obvious future benefits.

Private-Sector Provision

The production and supply of goods and services by businesses or entities that are not part of the government or public sector.

Rationally Ignorant

A state where the cost of educating oneself on an issue exceeds the potential benefit that the knowledge would provide.

Public Choice Perspective

A theoretical framework that applies economic principles to political processes, viewing government actions and decisions through the lens of economic efficiency and individual self-interest.