If a Country Is Grappling with a Major Balance-Of-Payment Difficulty,it

question 78

Multiple Choice

If a country is grappling with a major balance-of-payment difficulty,it may not be able to expand imports from the outside world.Instead,the country may be tempted to

• A)impose measures to restrict imports.
• B)impose measures to discourage capital outflows.
• C)impose measures to restrict imports and discourage capital outflows.
• D)none of the options

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Definitions:

Descriptive Measures

Statistical calculations used to summarize or describe characteristics of a dataset, including measures like count, mean, median, and mode.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution, aiming to provide an accurate description of the entire data set.

Median

The middle value in a data set, which divides the set into two equal halves, with an equal number of data points above and below it.

Mode

The value that appears most frequently in a data set. A mode can be used as a measure of central tendency, especially for categorical data.