A Quota Is

question 69

Multiple Choice

A quota is

• A) a tariff on exports.
• B) a quantitative limit on the amount of a good that may be imported.
• C) the same as a nonprohibitive tariff.
• D) the amount of exports a country needs to finance its imports.
• E) a per unit cash rebate to an exporter.

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Definitions:

Population Means

The average value of a characteristic in a population, and a parameter that is often estimated from sample data.

ANOVA

Analysis of Variance, a statistical method used to compare means of three or more samples, testing the hypothesis that all samples are taken from populations with the same mean.

Equal Variances

A statistical assumption that the variances of the items being compared are the same across all levels or groups.

ANOVA

ANalysis Of VAriance, a statistical method used to compare the means of three or more samples to find out if at least one is significantly different from the others.