A Population Has Groups That Have a Small Amount of Variation

question 26

Multiple Choice

A population has groups that have a small amount of variation within them, but large variation among or between the groups themselves. The proper sampling technique is:

• A)simple random.
• B)stratified.
• C)cluster.
• D)judgment.

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Definitions:

Property Rights

Legal rights to possess, use, and dispose of assets such as land, buildings, or intellectual property.

Efficient Allocation

Efficient allocation involves the distribution of resources in a manner that maximizes productivity and utility, often considered optimal in economic theory.

Government Failure

Situations where government interventions in the market lead to inefficiencies, misallocation of resources, or failure to achieve desired social or economic outcomes.

Market Failure

A situation in which the allocation of goods and services by a free market is not efficient, often justifying government intervention.