The year that the U.S. Poverty line calculation was developed and began to be used was <u>1964</u>.
<h3>What year was the U.S. poverty line calculation developed?</h3>
In the year 1964, the Council of Economic Advisers (CEA) came up with an amount of $3,000 for the poverty line.
The Council recommended to President Johnson that any family earning below this amount in a year should be considered poor.
Find out more on the poverty line at brainly.com/question/13522306.
Answer:
Number of full factorial experiments needed as per classical statistics is 5
Explanation:
We can use the following method to solve the given problem
Number of experiments needed as per Taguchi's principles:
No. of factors, F= 5
No. of levels, L = 2
No. of experiments, E = 1 + F*(L-1)
= 1 + 5*(2-1) = 1 + 5*1 = 6
Number of full factorial experiments needed as per classical statistics:
E = L^F
= 2^5
= 32
An import quota is a type of trade restriction that sets a physical limit on the quantity of a product that can be imported into the country in a set period of time.
<u>Explanation:</u>
A quota is a government-imposed trade constraint that restricts the number or commercial value of goods that a country can ship or export throughout a distinct period. Countries adopt quotas in international trade to assist improve the volume of trade among them and other countries.
Extremely restrictive quotas linked with high tariffs can begin to trade conflicts and other obstacles within nations. If the amount imported beneath a quota is less than would be shipped in the inadequacy of a quota, the domestic price of the commodity in problem may rise.
