Statement I: Although We Have Been Losing Manufacturing Jobs to Competition

question 194

Multiple Choice

Statement I: Although we have been losing manufacturing jobs to competition since the early 1960s,there are more manufacturing jobs in America today than there were in 1960.
Statement II: The basis for foreign trade is comparative advantage.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Relative Frequencies

The ratio of the number of times a particular value occurs to the total number of observations, used in statistical analysis.

Third Quartile

A statistical term describing the value below which 75% of the data in a data set falls.

Box Plot

A graphical representation of a dataset showing its central tendency, dispersion, and outliers through quartiles.

Minimum

The lowest value in a given set of numbers, data points, or measurements.