Countries That Impose High Tariffs, Exchange Rate Controls, and Other

question 57

Multiple Choice

Countries that impose high tariffs, exchange rate controls, and other barriers that restrict international trade have, on average,

• A) high rates of economic growth.
• B) low rates of economic growth.
• C) a large export sector.
• D) a large import sector.

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Definitions:

Population Locations

The geographically-based positions or areas where members of a specific population are found or located.

Ordinal

Pertaining to a scale or measurement where the order of values is significant, but the intervals between values are not necessarily consistent or known.

Interval

A range of numbers between two set points where any number within that range is included.

Randomized Block Experiment

A randomized block experiment is a type of statistical experiment in which subjects are divided into blocks based on characteristics that might affect the response, and then within each block, subjects are randomly assigned to treatments.