Of the Following,which Group Is Hurt by a Tariff

question 102

Multiple Choice

Of the following,which group is hurt by a tariff?

• A) domestic producers of the good
• B) foreign consumers of the good
• C) domestic consumers of the good
• D) domestic government
• E) foreign government

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Definitions:

Null Hypothesis

The assumption in hypothesis testing that posits no significant difference exists between specified populations.

Contingency Table

A table often used in statistics to display the frequency distribution of variables.

Z-Test

This is a statistical test used to determine whether two population means are different when the variances are known and the sample size is large.

Chi-Squared Test

A statistical method applied to ascertain whether a meaningful relationship exists between two variables of categorical nature.