Policies That Are Designed to Reduce Barriers to International Trade

question 28

Multiple Choice

Policies that are designed to reduce barriers to international trade are known as:

• A) trade deficit policies.
• B) free trade policies.
• C) protectionist policies.
• D) import quotas.

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Definitions:

Symmetric

A characteristic of an object or distribution in which it is identical in size, form, and arrangement on both sides of a dividing line or plane.

First Quartile

The middle number between the smallest number and the median of the dataset, dividing the data set into lower 25% and upper 75%.

Percentile

A measure that indicates the value below which a given percentage of observations in a group falls.

10th Percentile

A value below which 10 percent of the data falls.