To Help Domestic Manufacturers Compete Against Foreign Companies,governments _____

question 43

Multiple Choice

To help domestic manufacturers compete against foreign companies,governments _____.

• A) impose high tariffs on domestic companies
• B) impose trade restrictions on foreign companies
• C) discourage embargoes
• D) discourage protectionist measures
• E) create free trade areas

---

Definitions:

Random Variable

An attribute whose numerical values stem from the occurrence of a random event.

Probability

Probability is a measure of the likelihood that an event will occur, often expressed as a number between 0 and 1, where 1 indicates certainty.

Mutually Exclusive Event

Situations or events that cannot occur at the same time, meaning the occurrence of one event precludes the occurrence of the other.

Independent Event

An independent event is an event whose outcome is not influenced by the outcome of another event; in probability, this means that the occurrence of one event does not change the probability of another.