If a Tariff Reduces the Quantity of Japanese Autos Imported

question 106

True/False

If a tariff reduces the quantity of Japanese autos imported by the United States, over time it reduces the ability of Japan to import goods from the United States.

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Definitions:

Experiment

A procedure undertaken to support, refute, or validate a hypothesis, typically involving the manipulation of variables to observe the effect on some behavior or condition.

Outcomes

The possible results that may occur as a result of an experiment or event.

Independent Events

Two events are considered independent when the happening of one does not influence the likelihood of the happening of the other.

Probability

An indicator showing the probability that a specific event will take place, represented by a numerical value ranging from 0 to 1.