International Economists Cannot Discuss the Effects of International Trade or Recommend

question 17

Multiple Choice

International Economists cannot discuss the effects of international trade or recommend changes in government policies toward trade with any confidence unless they know

• A) their theory is the best available.
• B) their theory is internally consistent.
• C) their theory passes the "reasonable person" legal criteria.
• D) their theory is good enough to explain the international trade that is actually observed.
• E) their theory accounts for China's unique position in international trade.

Understand the concepts of covariance and the coefficient of correlation, including their differences and applications.

Analyze and interpret test score data to determine distribution characteristics.

Calculate, analyze, and interpret quartiles and the interquartile range within datasets.

Understand the implications of the coefficient of correlation values on linear relationships between variables.

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