How Did the International Division of Labor in the Production

question 7

Multiple Choice

How did the international division of labor in the production of goods change between the period immediately following World War II and the end of the twentieth century?

• A) Industrial production increasingly moved to new centers of manufacturing, especially in East Asia.
• B) The end of the Cold War allowed the former Soviet bloc to become a manufacturing powerhouse.
• C) North America's share of world industrial production increased at the expense of Europe and Asia.
• D) The growth of regional trade blocs lessened the global nature of industrial production.

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Definitions:

Categorical Variable

A variable that can take on one of a limited, and usually fixed, number of possible values, assigning each individual or other entity to a particular group or nominal category.

Dummy Variables

Variables created to include categorical data in regression models, converting categories to a numerical form.

Confidence Intervals

Ranges within which a population parameter is estimated to lie with a certain level of confidence, often used to indicate the reliability of an estimate.

Regression Coefficients

Parameters in a regression model that quantify the relationship between the dependent variable and each of the independent variables.