Trade Makes Some People Absolutely Better Off and Others Absolutely

question 14

True/False

Trade makes some people absolutely better off and others absolutely worse off in each of the trading countries. However, the gainers and losers in the short-run are somewhat different from those in the long-run, because more adjustment can occur in the long-run.

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Definitions:

Test-Retest

To determine the reliability of a measure by testing and retesting it under the same conditions. If the measure is reliable, it will produce similar results each time.

Inter-Item Reliability

A measure of whether the individual questions in a question set are consistent in their results. See also internal reliability.

Semantic Differential-Format

A type of survey question format that uses a scale allowing respondents to rate an object, concept, or event within the range of two bipolar adjectives.

Discrete Variables

Variables that assume a countable number of separate values, often representing categories or distinct groups.