Which Groups Will Be Harmed the Most as a Result

question 40

Multiple Choice

Which groups will be harmed the most as a result of the WTO's elimination of agricultural subsidies?

• A) agricultural exporters in smaller nations without subsidy programs because world food prices will rise
• B) agricultural consumers all over the world because prices will be higher
• C) agricultural producers in nations that subsidize their production
• D) governments of rich nations that will have to provide support to farmers who are hurt

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Definitions:

Two-sided Test

A statistical test designed to determine if there is a significant difference between a parameter and a specific value, in either direction.

One-sided Test

A statistical test in which the alternative hypothesis specifies a direction of the test statistic, either greater than or less than a certain range.

Two-sided Test

A hypothesis test that allows for the exploration of relationships in both directions, testing for the possibility of an effect in either direction.

P-value

The likelihood of test results being as significantly extreme or more so than what was observed, on the pretext that the null hypothesis is correct.