The Most Likely Way to Reduce the Japanese Trade Surplus

question 22

Multiple Choice

The most likely way to reduce the Japanese trade surplus is to

• A)revalue the Japanese yen
• B)impose quotas on imports from Japan
• C)boost Japanese savings
• D)boost Japanese consumption

---

Definitions:

Sample Standard Deviation

A measure of the amount of variation or dispersion of a set of sample values from their sample mean.

Chi-squared Test Statistic

A measure used in statistics to determine the significance of the differences between categorical variables.

Normal Distribution

A bell-shaped distribution characterized by its mean and standard deviation, showing how data points are dispersed or spread out.

Chi-squared Probability Distribution

A distribution that represents the distribution of the sum of the squares of variables that are independent and normally distributed.