The Branch of Statistics in Which Data Is Collected, Analyzed

question 33

Short Answer

The branch of statistics in which data is collected, analyzed and presented in a concise format is called________statistics.

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Definitions:

Protectionism

The economic policy of restricting imports from other countries through methods like tariffs and quotas to protect domestic industries.

Frederic Bastiat

Frederic Bastiat was a 19th-century French economist and writer known for his advocacy of free markets, individual freedoms, and his critiques of socialism.

Balance-Of-Trade Deficit

A situation where a country's imports exceed its exports, leading to a negative balance in trade.

Coal

A fossil fuel used primarily for electricity generation and steel production, composed mostly of carbon.