Which of the Following Statements Is False

question 316

Multiple Choice

Which of the following statements is false?

• A)Studies show that developing nations that have relied on import restrictions to protect domestic industries have had higher growth rates than similar nations pursuing more open economic policies.
• B)The U.S. Constitution forbids individual states from levying tariffs.
• C)The high tariffs of the Smoot-Hawley Act of 1930 and the retaliation they caused worsened the Great Depression.
• D)The European Union has enhanced prosperity in Western Europe.

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Definitions:

Causality

The concept that an event (the cause) directly leads to another event (the effect) through a causal relationship.

Correlations

Statistical measures that denote the extent to which two or more variables fluctuate together.

Structural Equation Modeling

A multivariate statistical analysis technique that is used to analyze structural relationships between measured variables and latent constructs.

Confirmatory

Referring to analyses or studies aimed at confirming or validating a previously formed hypothesis or theory.