Economists Are Generally in Support Of

question 199

Multiple Choice

Economists are generally in support of:

• A)government restrictions on trade.
• B)free international trade.
• C)tariffs to restrict trade.
• D)subsidizing exports.

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Definitions:

Normal Distributions

A distribution that resembles the shape of a bell, symmetrically centered around the average, indicating that values close to the mean are more commonly observed than those further away from the mean.

Skewed

Describes a distribution of data that is asymmetrical, where the bulk of the values lie on one side of the mean, either to the right (positive skew) or to the left (negative skew).

Frequency Distributions

An arrangement of data that outlines the number of times each unique value or range of values appears.

Normal Distributions

A symmetrical, bell-shaped distribution of data in which most of the data points cluster around a central peak and the probabilities for values further away from the mean taper off equally in both directions.