Which of the Following Is an Accurate Description of the Null

question 28

Multiple Choice

Which of the following is an accurate description of the null hypothesis?

• A)a formal statement that there is a significant difference between the hypothesized value and the value we find in our sample
• B)a formal statement that there is no difference between the hypothesized value and the value we find in our sample
• C)a formal statement that there is a slight difference between the hypothesized value and the value we find in our sample
• D)an informal statement that there is a large difference between the hypothesized value and the value we find in our sample
• E)an informal statement that there is an average difference between the hypothesized value and the value we find in our sample

---

Definitions:

Import-Competing Producers

Manufacturers or firms within an economy that produce goods which are in competition with imported goods from other countries.

Free Trade

International trade left to its natural course without tariffs, quotas, or other restrictions.

Canadian Labor

The workforce of Canada, including all employed and unemployed individuals actively seeking work within the country.

Autarky

is an economic system of self-sufficiency where an entity, typically a country, operates without importing or exporting goods.