If Protective Import-Restricting Tariff Are Imposed by a Country, in the Majority

question 44

Multiple Choice

If protective import-restricting tariff are imposed by a country, in the majority of cases that nation's consumers end up

• A) paying a lower price and consuming more of the good than they otherwise would.
• B) paying a lower price and consuming less of the good than they otherwise would.
• C) paying a higher price and consuming less of the good than they otherwise would.
• D) paying a higher price and consuming more of the good than they otherwise would.

---

Definitions:

Positive Skew

A distribution pattern in data where the tail on the right side of the histogram is longer or fatter than the left side, indicating that the majority of data points lie to the left of the mode.

Chi-square

A statistical test used to determine if there is a significant association between two categorical variables.

Independent Samples

Two or more groups of observations that are collected from populations which do not overlap, important in statistical testing for comparing means.

Leptokurtic

Refers to a distribution that is more peaked than a normal distribution, indicating a higher level of outliers.