Definitions (3)

1. Bias of technology, either change or difference, refers to a shift towards or away from use of a factor. The exact meaning depends on the definition of neutral used to define absence of bias. Factor biasmatters for the effects of technological progress on trade and welfare.
2. Bias of a trade regime refers to whether the structure of protection favors importables or exportables, based on comparing their effective rates of protection. If these are equal, the trade regime is said to be neutral.
3. Bias of growth refers to economic growth through factor accumulation and/or technological progress and whether it favors one sector or another. Growth is said to be export biased if the export sector expands faster than the rest of the economy, import biased if the import-competing sector does so.

Use bias in a sentence

The electronics company saw their sales fall off once the new models were introduced, leading them to believe their customers had a strong bias for the old models instead.

​ Was this Helpful? YES  NO 8 people found this helpful.

The bias was recognized and realized in the presentation of the data so new research was initiated to remove the bias.

​ Was this Helpful? YES  NO 14 people found this helpful.

Jackie knew she would not get the programming job because the Human Resource manager had a bias toward graduates from Tulane University.

​ Was this Helpful? YES  NO 9 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
unbiased expectations hypothesis management's discussion and analysis