When a Nation Starts Importing a Good or Service,domestic Employment

question 184

Multiple Choice

When a nation starts importing a good or service,domestic employment in that industry

• A) decreases.
• B) stays the same.
• C) increases.
• D) might change, but more information about what else the country imports is needed to determine if employment increases, decreases, or does not change.
• E) might change, but more information about what the country exports is needed to determine if employment increases, decreases, or does not change.

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Definitions:

Confidence Interval

A band of values, derived from the statistical examination of samples, presumed to include the value of an unascertained population parameter.

T-Distribution

A probability distribution used in statistics that is applicable when the sample size is small and the population variance is unknown.

William S. Gosset

A statistician best known for developing the t-test under the pseudonym "Student," contributing significantly to the field of small-sample statistics.

Cholesterol

A waxy substance found in the blood and cells, necessary for the body but high levels of which can be harmful.