The Table Below Shows the Quantity Demanded (In Thousands) and Quantity

question 2

Multiple Choice

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-The fact that the United States exports Budweiser beer and imports Heineken beer can be explained by:

• A)the differences in labor productivity in the U.S. and other countries.
• B)the differences in factor endowments in the U.S. and its trading partners.
• C)the fact that the world price of Budweiser beer is lower than Heineken beer.
• D)the fact that production of Budweiser beer in the U.S. is inadequate compared to its demand.
• E)the preference for foreign brands of beer by a part of the U.S. population.

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Definitions:

P-value

A statistical concept indicating the probability of observing data as extreme as those seen, if the null hypothesis were true, used in hypothesis testing.

Maximum Oxygen Uptake

The highest amount of oxygen an individual can utilize during intense or maximal exercise, indicating aerobic endurance capacity.

Normal Distribution

A bell-shaped curve, which is symmetric about the mean, depicting the distribution of many types of data.

Standard Deviation

A statistical measurement of variance or dispersion within a dataset, indicating how spread out the numbers are from the mean.