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Suppose that in the absence of trade, the U.S. price for peas was lower than the world price for peas. Would allowing international trade mean that the United States would import or export peas? Who in the United States would benefit and who would lose with a free trade policy, and would the gains be greater than the losses?
ANOVA
A statistical method used to determine the presence of significant differences between the means of three or more independent groups.
Observations
Data collected or measured from a study or experiment regarding individuals, subjects, or phenomena.
Degrees of Freedom
The total number of individual values or figures that a statistical distribution can possess.
Interaction
In statistics and experiments, it refers to a situation where the effect of one variable on an outcome is modified by the level or presence of another variable.
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