Voluntary Export Restraints (VERs)

question 191

Multiple Choice

Voluntary Export Restraints (VERs)

• A) have the same effect as an import quota.
• B) are legal under the WTO rules.
• C) violate the spirit of international trade agreements.
• D) all of the above

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Definitions:

Margin of Error

A statistic expressing the amount of random sampling error in a survey's results, representing the range within which the true population parameter is likely to lie with a certain degree of confidence.

Variance

A statistical measure that tells us how much a set of numbers is spread out; it's the average of the squared differences from the Mean.

Confidence Interval

A range of values, determined from sample statistics, that is likely to contain the value of an unknown population parameter.

Standard Deviation

A gauge for the level of variability or disparity within a set of data points.