The government spends far too much money collecting and organizing statistics. If those statistics were necessary, the
Question:
The government spends far too much money collecting and organizing statistics. If those statistics were necessary, the private market would collect them.
a. Explain the sense in which the above statement is true.
b. Who do you think is the major supporter of government collection of data? (Austrian)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (10 reviews)
a Austrians believe that the collection of statistics can be a private good not a public goo...View the full answer
Answered By
Fahmin Arakkal
Tutoring and Contributing expert question and answers to teachers and students.
Primarily oversees the Heat and Mass Transfer contents presented on websites and blogs.
Responsible for Creating, Editing, Updating all contents related Chemical Engineering in
latex language
4.40+
8+ Reviews
22+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Review the concept of externalities from Chapter 5, page 148. If a market is a monopoly, will a negative externality in production always lead to production beyond the level of economic efficiency?...
-
The City of Gargery has a fiscal year ending December 31, Year 5. If the city were to produce financial statements right now, the following figures would be included: -- Governmental activities:...
-
Multiple Choice Questions 1. The market system fails to provide the efficient output of public goods because a. People place no value on public goods. b. Private firms cannot restrict the benefits...
-
Suppose you have a list of blood platelet counts from 500 patients in a hospital. Which of the following is most helpful in understanding the distribution of those values: frequency table, pie chart,...
-
The Gini coefficient is a measure of the extent to which income or wealth is equally distributed in a given population. The coefficient values range between 0 and 1. The lower the Gini coefficient,...
-
Maria Gonzalez opened a veterinary business in Nashville, Tennessee, on August 1. On August 31, the balance sheet showed Cash $9,000, Accounts Receivable $1,700, Supplies $600, Office Equipment...
-
What ethical standards paralegals must follow?
-
Rice and Conwell is a public accounting firm that offers two primary services, auditing and tax return preparation. A controversy has developed between the partners of the two service lines as to who...
-
How can we win the Fed the Chair game? Need a summary report on the simulation when objective is to keep inflation near 2% and unemployment near 5%, using the fed funds rate
-
What is the output of the following Python code? myList = {} myDictionary = [] %3D myList[0] = "chegg" myDictionary.insert(0, myList[0]) print (myDictionary) a) ['chegg'] b) {0: 'chegg'} c) chegg d)...
-
In the expenditure approach of GDP, should G (government purchases) be taken into account within the calculation the same way C (consumption) and I (investment) are measured? If not, is there...
-
In the early 2000s, some people, part of a renewed Simplicity Movement, felt that accumulating material things reduced their happiness. Assuming they are truly happier with fewer material goods, what...
-
If the machine described in Problem 4.89 is given a double impact by the impact hammer, find the response of the machine. Assume the impact force, \(F(t)\), as \(F(t)=100 \delta(t)+50 \delta(t-0.5)...
-
Read the Essay regarding the Tesco UK retailer Groceries? ?and develop a structure of argument ? based on the information collected and analyzed.? Develop a position statement and use three...
-
Explain whether Positive, negative, or no work is being done on a suitcase when you: (a) pick it up from the floor. (b) carry it at a steady speed on a level street to the bus stop. (c) hold it above...
-
moldo14 1. The life of a certain type of engine is normally distributed with a mean of 10 years, and a standard deviation of 1.5 years. (1) If one (n=1) engine is randomly selected, what is the...
-
According to this assignment, what is the amount of debits and credits to the cash account?
-
A 45-kg crate is pulled 35 m along a horizontal floor by a constant force exerted by a person, F=115N, which acts at a 32 angle. The coefficient of friction is 0.15. Determine the work done on the...
-
An angle has a value of 85. What is the angle in radians?
-
The cash records of Holly Company show the following four situations. 1. The June 30 bank reconciliation indicated that deposits in transit total $720. During July, the general ledger account Cash...
-
To what extent have increases in U.S. real GDP resulted from more labor inputs? From higher labor productivity? Rearrange the following contributors to the growth of productivity in order of their...
-
To what extent have increases in U.S. real GDP resulted from more labor inputs? From higher labor productivity? Rearrange the following contributors to the growth of productivity in order of their...
-
Relate each of the following to the recent productivity acceleration: a. Information technology. b. Increasing returns. c. Network effects. d. Global competition.
-
Humans carry two copies of most genes. Individuals that carry two identical variants of a gene are called homozygous whereas those that carry two different variants are called heterozygous. For...
-
Identify Outage Impacts and Estimated Downtime This section identifies and characterizes the types of impact categories that a system disruption is likely to create in addition to those identified by...
-
Below is a YouTube video on a risk management and aviation safety. https://www.youtube.com/watch?v=FaSzhp0eiFI Please provide the following: Brief synopsis of the video What are some main points that...
Study smarter with the SolutionInn App