Tools Used to Describe and Interpret the Key Features of a Data

question 70

Multiple Choice

Tools used to describe and interpret the key features of a data set is called _____________.

• A) Quantitative research
• B) Inferential statistics
• C) Descriptive statistics
• D) Data analysis

---

Definitions:

Trade Surplus

A scenario in which the value of goods a nation sells to other countries is greater than what it purchases from them, leading to a favorable trade balance.

World Trade Organization

An international organization that regulates and facilitates international trade between nations.

U.S. Goods

Products and services that are produced within the United States.

Export Subsidy

A government payment to a domestic producer to enable the firm to reduce the price of a good or service to foreign buyers.