A Voluntary Import Expansion Involves a

question 237

Multiple Choice

A voluntary import expansion involves a

• A) country agreeing to import more from another country.
• B) country agreeing to reduce its trade barriers.
• C) country agreeing to an import quota.
• D) firm agreeing to expand output.

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Definitions:

Bar Charts

Graphical representations using bars of varying lengths to show comparisons among categories.

Causes

Factors or conditions that directly bring about an effect or change in another variable or event.

Crosstabulation

A method of tabulating data that allows for the comparison of two or more variables by creating a matrix that displays their interaction.

Categorical Variables

Variables that represent types or categories that data can fall into; they can be nominal (no specific order) or ordinal (with some order or ranking).