When the Nation of Econoland Allows Trade and Becomes an Exporter

question 198

Multiple Choice

When the nation of Econoland allows trade and becomes an exporter of televisions,

• A)residents of Econoland who produce televisions become worse off; residents of Econoland who buy televisions become better off; and the economic well-being of Econoland rises.
• B)residents of Econoland who produce televisions become worse off; residents of Econoland who buy televisions become better off; and the economic well-being of Econoland falls.
• C)residents of Econoland who produce televisions become better off; residents of Econoland who buy televisions become worse off; and the economic well-being of Econoland rises.
• D)residents of Econoland who produce televisions become better off; residents of Econoland who buy televisions become worse off; and the economic well-being of Econoland falls.

---

Definitions:

Kruskal-Wallis Test

A non-parametric method used to determine if there are statistically significant differences between two or more groups of an independent variable on a continuous or ordinal dependent variable.

Kruskal-Wallis Test

A non-parametric method for testing whether samples originate from the same distribution.

One-tail

Refers to a type of statistical test where the critical area of a distribution is one-sided so that it tests for the possibility of the relationship in one direction.

Two-tail

Refers to a type of statistical test that considers both the lower and upper tails of the distribution to determine significance.