The Volume of World Trade in Merchandise Is Growing Faster

question 86

Multiple Choice

The volume of world trade in merchandise is growing faster than world GDP. This implies that

• A) more firms are dispersing their production processes to global locations.
• B) the economies of the world's nation-states are becoming more independent from each other.
• C) the global economy is headed for a large downward correction.
• D) the world is becoming poorer.

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Definitions:

Dependent Variable

In an experiment, it is the variable being tested and measured, which is expected to change due to manipulation of the independent variable.

Independent Variable

A variable in an experiment that is manipulated by the researcher to observe its effect on the dependent variable.

Control Variable

An element that is kept constant or regulated to minimize its impact on the outcome of an experiment.

Naturalistic Observation

An investigative technique where individuals are watched in their natural surroundings without any interference from the person conducting the study.