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Explain the New International Division of Labor Theory, Including Descriptions

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Explain the new international division of labor theory, including descriptions of the two types of global commodity chains.


Definitions:

Multiple Regression

An analytical approach to examining how a dependent variable is influenced by two or more independent variables.

Explanatory Variables

Variables in a statistical model that are used to explain variations in the dependent variable; also known as independent variables.

Statistical Significance

Indicates that the result of an analysis or experiment is unlikely to have occurred purely by chance, at a specified significance level.

SATM Scores

Scores from the math section of the SAT, a standardized test widely used for college admissions in the United States.

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