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Which types of data are normally used in parametric statistics?
Fiscal Policy
Changes in government spending and tax collections designed to achieve full employment, price stability, and economic growth; also called discretionary fiscal policy.
Paradox Of Voting
A situation in democratic decision-making where rational individual choice can lead to an outcome that seems irrational or suboptimal for the group.
Principal-Agent Problem
A dilemma in economics where one party (the agent) is expected to act in the best interest of another party (the principal) but may have a conflict of interest.
Paired-Choice Votes
Paired-choice votes involve voters making choices between pairs of candidates or options rather than voting for a single option amongst many.
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