If the _____ Differ(s)between Two Countries,this Suggests the Possibility for Mutually

question 191

Multiple Choice

If the _____ differ(s) between two countries,this suggests the possibility for mutually advantageous trade.

• A) currency
• B) factor endowments
• C) exchange rate
• D) level of government spending for defence

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Definitions:

Median

The middle value in a data set, which separates the higher half from the lower half.

Unimodal

Refers to a distribution that has a single peak or mode.

Median

The middle value in a sorted list of numbers, effectively dividing the distribution into two equal halves.

Mean

In statistics, it refers to the average value in a data set, calculated by summing all the numbers and dividing by the count of these numbers.