Figure 19-6 -Refer to Figure 19-6.Which of the Following Would Cause the Would

question 200

Multiple Choice

Figure 19-6
-Refer to Figure 19-6.Which of the following would cause the change depicted in the figure above?

• A)An increase in investment in infrastructure causes U.S.productivity to rise relative to Mexican productivity.
• B)A declining preference for Kentucky bourbon causes Mexican consumers to decrease their preferences for U.S.-produced alcohol relative to Mexican-produced alcohol.
• C)Dumping accusations result in the United States placing tariffs on produce imported from Mexico.
• D)A contractionary monetary policy causes a decrease in the price level of U.S.goods relative to Mexican goods.

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Definitions:

Marginal Probability

The probability of an event occurring, marginalizing over the possibilities of any other related events.

Likelihood

The probability of a set of observations given a particular statistical model.

Joint Probability

The likelihood of two or more events occurring simultaneously given the intersection of the events.

Intersection

The point or set of points where two or more mathematical sets or geometrical shapes meet or overlap.