The Nominal-Level Concept of Association Is That

question 12

Multiple Choice

The nominal-level concept of association is that

• A)as the number of cases in the table cells of one of the values increases,the corresponding number should decrease in cells of the other values
• B)as the number of cells in the row of the independent variable increases,the corresponding number of cells should decrease in cells of the other rows

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Definitions:

International Trade

The exchange (trade) of goods and services across international borders.

Trade Barriers

Measures that governments or public authorities introduce to restrict or impede international trade and competition, such as tariffs, quotas, and regulations.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than competitors, leading to more efficient international trade.

Capital Goods

Long-term assets acquired by businesses to create goods and services; these include machinery, tools, and buildings.