Economists Might Agree with Which Argument(s) for Protectionism

question 11

Multiple Choice

Economists might agree with which argument(s) for protectionism?

• A) necessary to compete with cheap foreign labour
• B) saving Canadian jobs
• C) protecting national security
• D) reducing the risk of trade retaliation
• E) all of the above

---

Definitions:

Bivariate Distribution

A probability distribution describing two random variables and how their probabilities are distributed over different ranges of values.

Variance

A statistical measurement of the spread between numbers in a data set, indicating how far each number in the set is from the mean.

Covariance

A measure that indicates the extent to which two variables change together, indicating the direction of their linear relationship.

Linear Relationship

A type of relationship between two variables where a change in one variable is associated with a proportional change in the other.