A Country Should Export Only Those Goods for Which, Relative

question 169

Multiple Choice

A country should export only those goods for which, relative to its trading partners, it has the

• A)absolute advantage
• B)highest opportunity cost
• C)lowest production possibilities
• D)strongest demand
• E)lowest opportunity cost

---

Definitions:

Treatments

Interventions or actions performed in an experimental study to test their effect on an outcome compared to a control condition.

ANOVA

Stands for Analysis of Variance, a statistical method used to compare the means of three or more samples.

Degrees of Freedom

The amount of separate values or magnitudes that a statistical distribution can possess.

Level of Significance

The probability of rejecting the null hypothesis in a statistical test when it is actually true; a measure of statistical significance.