Which of the Following Is True of the Andean Pact

question 23

Multiple Choice

Which of the following is true of the Andean Pact during the mid-1980s?

• A)Tariff-free trade existed between member countries.
• B)Harmonization of economic policies between member countries had been achieved.
• C)Successful integration of member economies had been achieved.
• D)The Pact had failed to achieve the objective of a common external tariff.
• E)The dominant political ideology in many of the Andean countries tended toward democracy.

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Definitions:

Wilcoxon Signed-Rank Test

Employing no assumptions about data parameters, this statistical test is used for examining whether the population mean ranks differ across two related samples, matched samples, or repeated tests on the same individual sample.

Paired Experiment

A study design where participants are matched in pairs and each pair is treated differently to investigate the effects of the treatment.

Test Statistic

A value calculated from sample data during a hypothesis test that is used to determine whether the null hypothesis can be rejected.

Critical Value

In hypothesis testing, a point on the test distribution that is compared to the test statistic to decide whether to reject the null hypothesis.