A Forum to Discuss Trade Problems and Negotiate a Reduction

question 102

Multiple Choice

A forum to discuss trade problems and negotiate a reduction of trade barriers was first provided by the:

• A)General Agreement on Tariffs and Trade (GATT).
• B)North American Free Trade Agreement (NAFTA).
• C)World Bank.
• D)Exim bank.
• E)International Monetary Fund (IMF).

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Definitions:

Nominal Variables

Variables that represent categories with no intrinsic ordering or hierarchy, such as gender, nationality, or brand.

Null Hypothesis

In statistics, a statement suggesting that there is no significant effect or difference, and any observed deviation is due to random chance.

Chi-Squared Test

A statistical test used to determine if a significant relationship exists between two categorical variables by comparing observed and expected frequencies.

Contingency Table

A table used in statistics to summarize the distribution of two categorical variables, showing the frequency at which certain combinations of the variables occur.