Comparing Developed and Developing Nations in Their Use of Tariffs,we

question 244

Multiple Choice

Comparing developed and developing nations in their use of tariffs,we see that

• A) the developing nations' governments get very little revenue from tariffs.
• B) both governments get large amounts of revenue from tariffs.
• C) many developing nations' governments get a large portion of their revenue from tariffs.
• D) developing nations almost never impose tariffs because they want their people to obtain goods and services at the lowest possible price.
• E) developed nations rely much more than developing nations on tariff revenue.

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Definitions:

Scores

Numerical values assigned to represent the performance, achievement, or characteristics of individuals or items.

Z Scores

Standardized scores that indicate the number of standard deviations a data point is from the mean of its distribution.

Mean

The arithmetic average of a set of numbers, calculated by adding all the values together and dividing by the number of values.

Distribution

The way in which values of a variable or frequencies of outcomes are spread out or dispersed over a range of values.