Exhibit 10-8: Choose the Term That Is Described in Each

question 99

Multiple Choice

Exhibit 10-8: Choose the term that is described in each of the phrases below.
-Refer to Exhibit 10-8.Subjects are assigned to treatments using a table of random numbers.

• A) random assignment
• B) randomized matching
• C) homogeneous selection
• D) analysis of covariance
• E) use of subjects as their own controls

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Definitions:

International Trade

The exchange (trade) of goods and services across international borders.

Trade Barriers

Measures that governments or public authorities introduce to restrict or impede international trade and competition, such as tariffs, quotas, and regulations.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than competitors, leading to more efficient international trade.

Capital Goods

Long-term assets acquired by businesses to create goods and services; these include machinery, tools, and buildings.