What Typically Happened to Profits Generated by Ranches and Plantations

question 41

Multiple Choice

What typically happened to profits generated by ranches and plantations in the early extraction phase of Middle and South America's history?

• A) They flowed out of the country to foreign owners.
• B) They were depleted by annual recurrences of various types of natural disasters.
• C) They accumulated in local banks to allow governments to avoid imposing taxes.
• D) They were used to fund massive social programs, such as schools and public housing.

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Definitions:

Sum of Squares

The total of the squared differences between each observation and the mean of the data set, used in statistical analyses to measure variance.

Error

The difference between the measured or inferred value of a quantity and its actual value, often due to measurement or calculation limitations.

ANOVA Table

A table used to summarize the results and components of variance from an Analysis of Variance statistical test.

Additive

A method or model where the effects are simply added together to predict the outcome.