Which of the Following Statements Is True

question 48

Multiple Choice

Which of the following statements is true?

• A) Productive inefficiency implies that it is possible to produce more of one good and no less of another,but only if additional resources are made available.
• B) Productive efficiency implies that it is possible to produce more of one good and no less of another,even without additional resources.
• C) Productive inefficiency implies that it is impossible to produce more of one good and no less of another.
• D) Productive inefficiency implies that it is possible to produce more of one good and no less of another,even without additional resources.

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Definitions:

Population Proportion

The fraction of individuals in a population who have a particular characteristic.

Confidence Intervals

A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter, with a certain degree of confidence.

Point Estimates

Statistical measures that provide the best single estimation of an unknown population parameter.

Unbiased Estimator

A statistic used to estimate a parameter that is expected to equal the true parameter of the population.