Which of the Following Is TRUE About the Economic Policy

question 5

Multiple Choice

Which of the following is TRUE about the economic policy of "protectionism"?

• A) It raises the prices of foreign goods in domestic markets.
• B) It restricts competitive forces in domestic markets.
• C) It can be achieved through quotas and tariffs.
• D) All of the statements are correct.

Understand how to describe and interpret the shape of distributions in histograms.

Identify and justify the center of the distribution using mean or median based on skewness and outliers.

Construct and interpret histograms for various data sets.

Construct and interpret stem-and-leaf displays for various data sets.