Which of the Following Has Occurred in International Trade Over

question 14

Multiple Choice

Which of the following has occurred in international trade over the past half-century?

• A) There has been a dramatic increase in the barriers to international trade.
• B) Tariff rates on manufactured goods traded by advanced nations have fallen.
• C) Regulations prohibiting foreign companies from entering domestic markets and establishing production facilities have increased.
• D) The volume of world trade has decreased dramatically.
• E) There has been a decline in the value of foreign direct investment.

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Definitions:

Confidence Interval

An array of values, derived from observations of a sample, which is believed to enclose the value of a mystery parameter in the population.

Mean

The arithmetic average of a set of numbers, calculated by dividing the sum of the numbers by the count of numbers.

Confidence Interval

A confidence interval is a range of values derived from sample statistics that is likely to contain the value of an unknown population parameter, with a specified level of confidence.

Confidence Level

The probability or likelihood, expressed as a percentage, that a specified interval will contain the true population parameter.