The Test Statistic (TS) Is

question 59

Multiple Choice

The test statistic (TS) is:

• A) the value of the null hypothesis that is being tested.
• B) a rule related to the null hypothesis that is used to determine whether H₀ or Ha is more likely to be true.
• C) a sample characteristic that is used to prove the null hypothesis true.
• D) a rule based on statistical modeling that will demonstrate the truth of H₀.

---

Definitions:

Free Trade

An economic policy that allows imports and exports between countries with minimal or no tariffs, quotas, subsidies, or prohibitions to encourage international trade.

Protection

Policies or measures taken by a government to shield its domestic industries from foreign competition, often involving tariffs or quotas.

Gasoline Prices

The cost per unit of gasoline, influenced by factors such as crude oil prices, refinery processes, taxes, and demand.

The Decline

A period during which economic activity decreases or is expected to decrease.