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Figure: Foreign Trade with a Tariff
-(Figure: Foreign Trade with a Tariff) Refer to the figure. A $1 tariff generates increased domestic production by:
Quantitative Data
Information that can be measured and written down with numbers.
Categorical Data
Data that represents characteristics and can categorize inputs into identifiable segments or classes.
Experimental Studies
Research studies that manipulate conditions to examine the cause and effect relationship between variables.
Experimental Study
A research method where the investigator manipulates one or more variables to determine their effect on a dependent variable, often involving control groups.
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