Suppose That Canada Imposed an Import Quota on Beef

question 163

Multiple Choice

Suppose that Canada imposed an import quota on beef. Which of the following identifies the most likely results?

• A)Sales of Canadian beef would rise; exports of other industries would increase.
• B)Sales of Canadian beef would rise; exports of other industries would decline.
• C)Sales of Canadian beef would not change; exports of other industries would increase.
• D)Sales of Canadian beef would not change; exports of other industries would decline.

---

Definitions:

Data

Collected information or facts, typically numerical, that are used as a basis for reasoning, discussion, or calculation.

Categorical Variable

A type of variable that can take on one of a limited, and usually fixed, number of possible values, assigning each individual or other unit of observation to a particular group or nominal category.

Social Security Number

A unique nine-digit number assigned to U.S. citizens, permanent residents, and temporary working residents that is used for tracking individuals for social security and taxation purposes.

Age

The length of time that a person or entity has been alive or existed.