All of the Following Statements Are True Except

question 75

Multiple Choice

All of the following statements are true except

• A)Until 1971 the United States had run a trade surplus virtually every year of the 20^th century.
• B)The U.S.ran relatively small trade deficits through most of the 19^th century.
• C)The U.S.was the only industrial power to raise tariffs during the 1930s.
• D)World trade in the 1930s dwindled to a fraction of what it had been in the 1920s.

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Definitions:

P(A And B)

The probability that events A and B both occur, which can be calculated directly or via the multiplication rule for independent events.

P(B|A)

The likelihood of event B happening after event A has already taken place.

Complement

The set or amount that completes something to a whole, usually in the context of sets in mathematics or the complement rule in probability.

P(A)

The probability of event A occurring in a statistical context.