Refer to the Information Provided in Figure 33

question 286

Multiple Choice

Refer to the information provided in Figure 33.3 below to answer the question(s) that follow. Figure 33.3
-Refer to Figure 33.3. The domestic price of shoes is $80. After trade the price of a pair of shoes is $60. If shoes are a normal good and income in this country rises, then we would expect

• A) the number of pairs of shoes imported into this country to increase.
• B) the number of pairs of shoes imported into this country to decrease.
• C) the number of pairs of shoes exported from this country to increase.
• D) the number of pairs of shoes exported from this country to decrease.

---

Definitions:

Research Hypothesis

A specific, testable prediction about what you expect to happen in your study.

Inferential Statistics

The branch of statistics that makes predictions or inferences about a population based on a sample of data drawn from that population.

Probability

The measure or likelihood of a particular event or outcome occurring.

Sampling Error

The discrepancy between the statistical characteristics of a sample and those of the overall population, arising because the sample is not perfectly representative.