Tariffs Lead to

question 139

Multiple Choice

Tariffs lead to

• A)the expansion of relatively efficient industries.
• B)an under allocation of resources to relatively efficient industries.
• C)an increase in the foreign demand for domestically produced goods.
• D)an under allocation of resources to relatively inefficient industries.

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Definitions:

Sampling Distribution

The likelihood distribution of a specific statistic derived from a random sampling.

Infinite Number

A concept in mathematics that describes a quantity without bounds or limit.

T-statistic

A statistic used in hypothesis testing, computed as the difference between the sample mean and the hypothesized population mean, divided by the standard error of the mean.

Z-score

A statistical measurement that describes a value's relationship to the mean of a group of values, measured in terms of standard deviations from the mean.