As "Global" Trends Become "Local," and as We See More

question 102

Multiple Choice

As "global" trends become "local," and as we see more opportunities to compete in the global market,

• A) the long-term trend is for most nations to operate as mixed economies.
• B) disagreements about the best economic system to embrace will cause many nations to close their doors to outside commerce.
• C) the only industries that governments will want to own are the ones that are profitable.
• D) the forecast is for socialist nations to trend toward communism and for capitalist nations to trend toward socialism.

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Definitions:

Margin of Error

An expression of the amount of random sampling error in a survey's results, indicating how much the survey results might differ from the true population value.

Confidence Level

The probability that the true parameter will fall within the confidence interval, expressed as a percentage.

Sample Size

The number of observations or datapoints that are used in a statistical sample.

Finite Population Correction Factor

A factor applied in sampling calculations to adjust for the size of the population when the sample size is a substantial fraction of the total population, to improve the estimation accuracy.