The size of the test

A) is the probability of committing a type I error.
B) is the same as the sample size.
C) is always equal to (1-the power of test).
D) can be greater than 1 in extreme examples.

Answer: A

Economics

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A) decreases less with a tariff than with an equivalent quota. B) decreases less with a quota than with an equivalent tariff. C) decreases the same with tariffs and equivalent quotas. D) increases more with quotas.

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A normative economic statement

a. is a hypothesis used to test economic theory b. is a statement of fact c. is a statement of what ought to be, not what is d. indicates what will occur if certain assumptions are true e. enables economists to test hypotheses

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