In Equilibrium Which of the Following Happens If the U

question 106

Multiple Choice

In equilibrium which of the following happens if the U.S. imposes tariffs on leather boots?

• A)U.S. production of leather boots rise
• B)U.S. net exports rise
• C)the exchange rate falls
• D)All of the above are correct.

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Definitions:

Bootstrap Resamples

Sampling method involving repeatedly drawing samples, with replacement, from a dataset to estimate the distribution of a statistic.

P-value

The likelihood of seeing a test statistic as extreme or more extreme than the one measured, assuming the null hypothesis holds.

Bootstrap Distribution

A data-driven simulation method for estimating the sampling distribution of an estimator by resampling with replacement from the original data.

Small Sample

A subset of a population used in statistical analysis that is considered to be too small to reliably indicate properties of the population.