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Dr. Wilson determined the mean for both experimental groups was the same. However, it is important to not only look at the ______of both groups, but also the variability of data among each group.
Pollution
The presence or introduction into the environment of substances or things that have harmful or poisonous effects.
Pigouvian Subsidy
A financial incentive given by the government to encourage activities that have positive externalities, or beneficial effects on society that are not reflected in the market price.
Free Market
An economic system where prices for goods and services are determined by the open market and consumers, with minimal government intervention.
Optimal Pigouvian Tax
A type of tax designed to correct the negative externalities of a market activity, set at a level that equates the marginal social cost of the externality with the marginal private cost.
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