-Refer to Table 3-5

question 60

Multiple Choice

-Refer to Table 3-5. How could Canada and Japan both benefit?

• A) by Canada specializing in airplanes and Japan specializing in airplanes
• B) by Canada specializing in cars and Japan specializing in airplanes
• C) by Canada specializing in airplanes and Japan specializing in cars
• D) by Canada specializing in neither good and Japan specializing in both goods

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Definitions:

Average Value

The average value is a single number representing the central or typical value in a set of data, often calculated as the sum of all values divided by the number of values.

Margin Of Error

An expression of the amount of random sampling error in a survey's results, indicating the range within which the true value lies.

Sample

A subset of a population selected for measurement, observation, or questioning, to provide statistical information about the whole.

Complete Enumeration

A method of listing all possible outcomes or instances in a situation without omission.