Which of the Following Represents the Ratio of Variances $\frac { \sigma _ { 1 } ^ { 2 } } { \sigma _ { 2 } ^ { 2 } }$

question 26

Multiple Choice

Which of the following represents the ratio of variances?

• A) \(\frac { \sigma _ { 1 } ^ { 2 } } { \sigma _ { 2 } ^ { 2 } }\)
• B) \(\frac { p _ { 1 } } { p _ { 2 } }\)
• C) \(p _ { 1 } - p _ { 2 }\)
• D) \(\frac { \mu _ { 1 } } { \mu _ { 2 } }\)

---

Definitions:

Pauper Labor Fallacy

The mistaken belief that importing goods from countries with low wages hurts the economy of high-wage countries.

Sweatshop Labor Fallacy

A misconception that all factory work in developing countries is exploitative and harmful, ignoring the complexity and variation of labor conditions.

Heckscher-Ohlin Theory

An economic theory that suggests countries export what they can most efficiently and abundantly produce, based on factors of production like land, labor, and capital.

Absolute Advantage

The ability of a country, individual, company or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.