If a Bar Graph Is to Be Accurate, It Is

question 26

Multiple Choice

If a bar graph is to be accurate, it is essential that

• A) the bars touch each other.
• B) the bars be drawn vertically.
• C) both horizontal and vertical scales be clearly marked in equal units.
• D) the bars all have the same width.
• E) the explanatory variable be plotted on the horizontal axis.

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Definitions:

Trading Bloc Agreements

These are agreements between groups of countries, often geographically proximate, to promote trade among themselves by reducing trade barriers like tariffs and import quotas.

Trade Restrictions

Measures implemented by governments to control the import and export of goods and services, often to protect domestic industries and jobs.

Export Subsidy

A government policy to encourage export of goods and services through direct payments, tax relief, or other financial incentives.

Net Welfare

The overall well-being of individuals or society, accounting for all benefits and costs, including those that are not traded in markets.