Inefficient Overproduction of a Public Good by the Government Is

question 176

Multiple Choice

Inefficient overproduction of a public good by the government is

• A) the only efficient method of producing public goods.
• B) not likely to occur when voters choose rational ignorance.
• C) the term used to describe a surplus of a public good.
• D) one explanation of why government might be large.
• E) not likely to occur if voters are rationally ignorant.

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Definitions:

Hypothesis Role

The function or purpose a hypothesis serves in an empirical study, typically as a presumptive statement to be tested.

Hypothesis

A proposed explanation for a phenomenon, made as a starting point for further investigation.

Good Hypothesis

A proposed explanation for a phenomenon that is specific, testable, and based on existing knowledge.

Null Hypothesis

A rephrased definition: The presumption that no significant relationship exists in the population and that any observed effect is due to sampling variability.