The Balance of Trade Is

question 94

Multiple Choice

The balance of trade is:

• A) The number used in countertrade to be sure the trade is fair
• B) A nation's ratio of exports to imports
• C) The value of a country's exports
• D) The value of a country's imports

---

Definitions:

Distribution-free Procedures

Statistical methods that do not require assumptions about the specific distribution of the population from which the sample is drawn.

Non-Normal Procedures

Statistical methods that do not assume the normal distribution of the data and are used for analysis.

One-sample T Statistic

A statistical measure used to test the hypothesis about the mean of a normally distributed population when the population variance is unknown, based on a sample.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values in a data set are.