All of the Following Led to Increasingly Globalized World Trade

question 20

Multiple Choice

All of the following led to increasingly globalized world trade in the nineteenth century EXCEPT the:

• A)use of steamships.
• B)growth of railroads.
• C)creation of new colonies in Africa.
• D)invention of the telegraph.
• E)adoption of the gold standard.

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Definitions:

Qualitative Variables

Variables that express qualitative attributes, and are usually described by non-numeric categories or groups.

Regression Model

A statistical approach for estimating the relationships among variables, often used for prediction and forecasting.

Dummy Variables

Variables created to assign numerical values to categorical data, often used in regression analysis to include qualitative factors as independent variables.

Qualitative Variables

Variables that categorize or describe attribute characteristics without a natural numerical order or ranking.