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One Application That Uses Multidimensional Databases Is a Data Warehouse

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One application that uses multidimensional databases is a data warehouse.

Comprehend the basics of international trade, including the significance of tariffs and their impact.
Recognize the benefits of specialization and trade based on comparative advantage.
Analyze trade benefits between countries using comparative advantage.
Understand the role of exports in a country's GDP.

Definitions:

Proportion

A part, share, or number considered in comparative relation to a whole; a ratio.

Inference

The process of drawing conclusions about a population based on data from a sample.

Statistical Inference

The process of using data analysis to deduce properties of an underlying probability distribution.

Estimate

An approximation or educated guess of a certain quantity based on available data.

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