The Elimination of Import Restrictions Will

question 46

Multiple Choice

The elimination of import restrictions will

• A)Alter the mix of output from export industries toward domestic industries.
• B)Redistribute income from import-competing industries to export industries.
• C)Alter the mix of output from export industries to import-competing industries.
• D)Redistribute income from domestic to foreign producers.

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Definitions:

Positive Correlation

A relationship between two variables in which both variables move in the same direction.

Correlation Coefficient

A statistical measure that represents the degree of association or correlation between two variables, ranging from -1 to +1.

Numerical Measure

A quantitative representation of attributes or characteristics in the form of numbers or statistical values.

Correlation Coefficient

A statistical measure that calculates the strength and direction of a linear relationship between two variables on a scatterplot, ranging from -1 to +1.