If the USHas a Comparative Advantage in Almonds Relative to Japan,we Would

question 151

Multiple Choice

If the U.S.has a comparative advantage in almonds relative to Japan,we would expect that

• A)the U.S.would export almonds to Japan and Japan would export almonds to the U.S.
• B)Japan would export almonds to the United States.
• C)the U.S.would export almonds to Japan.
• D)None of the situations would take place.

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Definitions:

Measure of Effect Size

A quantitative reflection of the magnitude of a difference or relationship, providing insight beyond simple significance tests.

Error Variance

Variability that cannot be explained or accounted for.

Statistical Power

The probability that a statistical test will correctly reject a false null hypothesis, or the test's sensitivity to detect an actual effect when there is one.

Cohen's D

Estimate of the magnitude of the difference between the means of two groups measured in standard deviation units.