Increased International Trade Has Brought About

question 125

Multiple Choice

Increased international trade has brought about

• A) fewer U.S. imports.
• B) an increase in demand for low-skilled workers.
• C) fewer U.S. exports.
• D) an increase in demand for high-skilled workers.

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Definitions:

Variances

Measures of the dispersion of a set of data points around their mean value, indicating how spread out the data points are.

E(XY)

The anticipated outcome of multiplying two stochastic variables together, showing how their variances are interconnected.

COV(X,Y)

A measure of the degree to which two variables X and Y move together, indicating the strength and direction of their linear relationship.

Marginal Probability

The probability of an occurrence of a single event without consideration of any other events.