In the Graph in Question #24 Above, If the Two

question 8

Multiple Choice

In the graph in Question #24 above, if the two countries are opened to trade with each other, country A will export __________ and country B __________.

• A) good X; will export good Y
• B) good X; also will export good X because there has been a factor-intensity reversal
• C) good Y; also will export good Y because there has been a factor-intensity reversal
• D) good Y; will export good X

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Definitions:

National Data Sets

Large-scale databases that collect and store data at a national level, often used for research, policy-making, and analysis.

Hierarchical Regression

A statistical method that allows for the examination of the incremental predictive power of independent variables added sequentially to a model.

Predictor Variable

In statistical analysis, it is a variable that is utilized to predict the score of another variable, often referred to as the outcome or dependent variable.

Criterion Variable

The dependent variable in an experimental design, which is influenced or predicted by other variables.