Tariffs and Import Quotas Differ in That

question 4

Multiple Choice

Tariffs and import quotas differ in that

• A)one is a form of trade restriction,while the other is not.
• B)one is a tax,while the other is a limit.
• C)one is imposed by the government,while the other is imposed by the private sector.
• D)one is legal,while the other is not.
• E)one increases imports,while the other decreases imports.

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Definitions:

Analysis of Variance

Analysis of variance (ANOVA) is a statistical method used to compare the means of three or more samples to determine if at least one of the sample means is statistically significantly different from the others.

Population Variances

Population variances measure the variance of a given characteristic within an entire population, representing the dispersion of data points from the mean.

Multiple Comparison Methods

Statistical procedures used to determine if there are significant differences among group means in a dataset.

Tukey's Multiple Comparison

A statistically rigorous method used to find means that are significantly different from each other after conducting an ANOVA.