How Is Foreign Trade in Inputs Similar to Trade in Outputs

question 45

Multiple Choice

How is foreign trade in inputs similar to trade in outputs?

• A)U.S.producers buy (outsource)cheap foreign inputs (labor)while U.S.consumers buy cheap foreign outputs (U.S.imports).
• B)U.S.consumers sell (outsource)cheap foreign inputs (labor)while U.S.producers sell cheap foreign outputs (U.S.imports).
• C)U.S.producers sell (outsource)cheap foreign inputs (labor)while U.S.consumers buy cheap foreign outputs (U.S.imports).
• D)All of the choices are correct.

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Definitions:

Nondirectional Research Hypothesis

A hypothesis that predicts a relationship between variables but does not predict the direction of the relationship.

Directional Research Hypothesis

A hypothesis that specifies the direction of the expected difference or relationship between two variables or conditions.

Directional Research Hypothesis

A hypothesis that specifies the expected direction of the relationship between variables, such as predicting an increase or decrease in one variable associated with changes in another variable.

Research Hypothesis

A specific, testable prediction about the expected outcome of a study, often concerning the relationship between variables.