Historically Those Few Developing Countries Which Have Succeeded in Significantly

question 1

Multiple Choice

Historically those few developing countries which have succeeded in significantly raising their per-capita income levels

• A) did not accomplish this with import-substituting industrialization.
• B) did accomplish this with import-substituting industrialization.
• C) tended to provide heavy protection to domestic industrial sectors.
• D) favored industrial to agricultural or service sectors.
• E) did so to the detriment of their nearest neighbors.

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Definitions:

Significance Level

The threshold below which a p-value indicates that the observed data is unlikely to have occurred by chance, leading to rejection of the null hypothesis.

Null Hypothesis

A statement in statistical analysis that proposes there is no significant effect or difference between certain variables or groups.

Statistical Test

A method of making decisions or inferences about population parameters based on sample data, often involving a comparison between an observed test statistic and a critical value.

Power

The probability that a statistical test will correctly reject a false null hypothesis; it measures a test's sensitivity to detect an effect if there is one.