Outward-Oriented Policies

question 146

Multiple Choice

Outward-oriented policies

• A)allow countries to take advantage of gains from trade.
• B)have generally led to high growth for the countries that pursued them.
• C)receive widespread support from economists.
• D)All of the above are correct.

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Definitions:

Interval

A range or distance between two points or values, often referring to time or space.

Level Of Measurement

The classification of a variable depending on how its values can be measured or categorized, such as nominal, ordinal, interval, or ratio.

Nominal

Pertaining to data classified into mutually exclusive categories without any order or rank.

Ordinal

Refers to a type of categorical variable with a set order or scale, but without a fixed interval between its values.