The USAnd China (No

question 93

Multiple Choice

The U.S.and China (no.1 and no.2 global powers) continue to spar over sociocultural issues,such as human rights,and economic and financial issues,such as the value of the Chinese Yuan against the U.S.dollar.U.S.diplomats complain that these differences continue to bolster China's favorable balance of trade and increase the U.S.trade deficit.The trade protectionist policy exhibited by the Chinese is similar to an economic policy known as ____________ that was followed during the 17^th and 18^th centuries.This policy resulted in a flow of money to the country that sold the most globally.

• A) trade embargoing
• B) countertrading
• C) profiteering
• D) mercantilism

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Definitions:

Chi-squared Goodness-of-fit Test

A statistical test used to determine if observed data fits a theoretical distribution.

Rule of Five

A statistical rule of thumb asserting that if a sample size is large enough (n>30), the sample means will be normally distributed.

Chi-squared Goodness-of-fit Test

A statistical test used to determine how well an observed distribution fits an expected distribution across different categories.

Cable Company

A cable company is a type of telecommunications company that delivers television programming and sometimes internet services to consumers via coaxial or fiber-optic cables.