Tariffs and Quotas Are Used to Restrict the Flow of International

question 22

Multiple Choice

Tariffs and quotas are used to restrict the flow of international trade and capital.These are examples of:

• A)expenditure-changing policies
• B)direct controls
• C)expenditure-switching policies
• D)indirect controls

---

Definitions:

µ = 15

Represents the mean of a population is equal to 15.

Z-statistic

A measure used in statistics to quantify the deviation of a data point or a group of data points from the mean, expressed in terms of standard deviations.

Two-tailed Test

A statistical test that allows for the exploration of relationships in both directions, enabling the detection of significant differences regardless of the direction.

Significant

Pertaining to results in statistical analysis, significant means the findings are unlikely to have occurred by chance and indicate a real effect or relationship.