Trade Restrictions Tend to Preserve ________ in the Protected Industries

question 36

Multiple Choice

Trade restrictions tend to preserve ________ in the protected industries and lead to ________ in other industries.

• A)almost all jobs;economic growth
• B)well over half of the jobs;price decreases
• C)relatively few jobs;job losses
• D)no jobs;increased productivity

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Definitions:

T-statistic

A type of statistic calculated from sample data, used in hypothesis testing to determine whether to reject the null hypothesis, particularly in t-tests.

Null Hypothesis

A hypothesis that suggests there is no statistical significance between the two observed phenomena.

Alpha

In statistics, often referred to as the significance level, it represents the probability of rejecting the null hypothesis when it is actually true.

Degrees Of Freedom

The number of independent pieces of information used to calculate a statistic, often influencing the shape of various sampling distributions.