A Properly Drawn Sample of One Thousand Individuals Has a Sampling

question 4

Multiple Choice

A properly drawn sample of one thousand individuals has a sampling error of roughly plus or minus ________ percent.

• A)5
• B)3
• C)1
• D)8
• E)10

---

Definitions:

Tariff

A tax imposed on imported goods, typically aimed at protecting domestic industries or raising government revenue.

Voluntary Export Restraint

An agreement between exporting and importing countries where the exporter agrees to limit the quantity of goods exported to the importing country.

Quota

A quota is a government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a particular time frame.

Tariff

A tax imposed by a government on goods and services imported from other countries, intended to increase their price and make domestic products more competitive.