Which of the Following Is a Valid Reason for Protecting

question 48

Multiple Choice

Which of the following is a valid reason for protecting an industry?

• A) The industry is unable to compete with low-wage foreign competitors.
• B) Protection penalizes lax environmental standards.
• C) Protection keeps richer nations from exploiting the workers of poorer countries.
• D) None of the above reasons is a valid reason for protection.

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Definitions:

Hypothesis Test

A method in statistics that employs data from a subset to assess a presumption about a parameter of the whole population.

Z Test Statistic

A statistic that measures the number of standard deviations a data point is from the mean, used in hypothesis testing for population means.

Sample Proportion

Sample proportion refers to the fraction or percentage of the sample that exhibits a particular trait or characteristic of interest.

Population Parameter

A population parameter is a numerically fixed characteristic or measure of an entire population, such as mean or variance.