Studies Show That

question 139

Multiple Choice

Studies show that:

• A)it is impossible to estimate the benefits of trade barriers.
• B)costs and benefits of trade barriers are about equal.
• C)benefits of trade barriers exceed their costs in less developed nations.
• D)costs of trade barriers exceed their benefits, creating an efficiency loss for society.

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Definitions:

Distribution

In statistics, distribution refers to the way in which data is spread out or dispersed across a range of values.

Relative Frequency Histogram

A type of histogram which shows the relative frequencies of different values within a dataset.

Data Set

A collection of related sets of information that is composed of separate elements but can be manipulated as a unit by a computer.

Frequency Distributions

A tabular or graphical representation of statistical data that shows how often different values occur in a dataset.