Examlex
The country of New Florentina requires that all imported beverages be contained in clear,well-labeled recyclable glass bottles.Several beverage producers refuse to trade with New Florentina because the cost of glass bottles cuts into their profits to the point where it just isn't worth it.New Florentina has created a nontariff barrier.
Nontariff barriers are not as specific or formal as tariffs.They are usually restrictive standards that a country places on imported products.The standards help to restrict trade with foreign companies.
Population Parameter
A numerical value that represents a characteristic of a population, such as a mean, variance, or proportion.
Sample Representative
A subset of a population that accurately reflects the members of the entire population.
Mean
The arithmetic average of a set of numbers, calculated by adding all the numbers together and then dividing by the count of the numbers.
Causal Factors
Elements or conditions that can directly influence the occurrence or development of a phenomenon or outcome.
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