Which Statement(s) Is TRUE

question 94

Multiple Choice

Which statement(s) is TRUE?
I. When U.S. consumers buy lower-priced imports, they have more money to buy other goods, leading to increased jobs in other industries.
II. On net, free trade reduces total employment.
III. When foreign producers receive U.S. dollars for their exports, some of these dollars are used to buy U.S. goods and assets, increasing employment in U.S. exporting industries.

• A) I only
• B) II only
• C) I and III only
• D) III only

Understand the impact of y-axis scale manipulation on data interpretation in bar charts.

Analyze different histogram presentations to evaluate how graphical settings affect the perceived data distribution.

Distinguish between visual representations that exaggerate or minimize data variability in line charts.

Identify key graphical tools used for showing trends over time.

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Definitions:

Domestically

Pertaining to or within a specific country's borders, often in contrast to international or foreign.

Trade

The act of buying, selling, or exchanging goods and services between parties within an economy or between economies.

Imports

Goods or services brought into a country from abroad for sale.

Domestic Market

The supply and demand for goods and services within a country's borders.