Say's Law States That

question 359

Multiple Choice

Say's law states that

• A) desired expenditures will equal actual expenditures.
• B) people produce only the goods they want.
• C) demand is always less than supply.
• D) overproduction is never possible because of limited resources.

---

Definitions:

Sample

A subset of a population selected for measurement, observation, or questioning to provide statistical information about the population.

Standard Error

The standard deviation of the sampling distribution of a statistic, typically the mean, indicating the accuracy of a sample mean estimate relative to the population mean.

Confidence Interval

A range of values derived from sample data that is likely to cover the true population parameter with a specified level of confidence.

Sample

A subset of individuals or observations drawn from a larger population for the purpose of statistical analysis.