Someone in Support of Trade Restrictions Would Make Which of the Following

question 34

Multiple Choice

Someone in support of trade restrictions would make which of the following arguments?

• A) trade restrictions can protect new or weak industries
• B) trade restrictions reduce the number of domestic jobs
• C) trade restrictions damage the health of citizens in your country
• D) trade restrictions can damage national security

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Definitions:

Hypotheses

Formally proposed explanations for a phenomenon, which are typically tested through research and experiments to be supported or refuted.

Z Statistic

The Z statistic, or Z-score, is used in hypothesis testing, measuring the number of standard deviations a datapoint is from the population mean.

P-value

A measure in statistical hypothesis testing representing the probability of obtaining a result at least as extreme as the one observed, under the assumption that the null hypothesis is true.

Confidence Interval

A set of numbers obtained from statistical data from a sample, which is expected to encompass the value of a parameter from the overall population that is not known.