Scenario 4-1 In a Given Year, Country a Exported $12 Million Worth

question 38

Multiple Choice

Scenario 4-1
In a given year, country A exported $12 million worth of goods to country B and $6 million worth of goods to country C; country B exported $4 million worth of goods to country A and $7 million worth of goods to country C; and country C exported $5 million worth of goods to country A and $2 million worth of goods to country B.
-In a market economy, _____ own(s) all the basic resources or factors of production.

• A)households
• B)the federal government
• C)the Federal Reserve bank
• D)the local government
• E)business firms

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Definitions:

Correlational Studies

Studies designed to yield information concerning the degree of relationship between two variables.

Ex Post Facto Design

A scientific study in which the values of the independent variable are not manipulated, but selected by the experimenter after the groups have naturally divided themselves.

Descriptive Research

A method of research that aims to observe and describe characteristics of a subject without influencing it.

Placebo

A substance or treatment with no therapeutic effect, used as a control in testing the efficacy of another substance or treatment.