Trade Barriers Are Forms of Protection That Shield Some Sector

question 166

True/False

Trade barriers are forms of protection that shield some sector of the economy from foreign competition.

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Definitions:

Probability Distribution

A mathematical function that describes the likelihood of obtaining the possible values that a random variable can assume.

Daily Demand

The total quantity of a product or service required by the market within one day.

Computers

Electronic devices that can store, retrieve, and process data, performing calculations and operations according to a set of instructions known as programs.

Probability Distribution

A mathematical description of outcomes in a probabilistic experiment with respect to their probabilities.