In Some Industries, Technology Drives Globalization Because the Economies of Scale

question 26

True/False

In some industries, technology drives globalization because the economies of scale necessary to reduce costs cannot be met by competing in domestic markets alone.

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Definitions:

Z-test

A Z-test is a statistical test used to determine whether two population means are different when the variances are known and the sample size is large.

Population Means

The average of a set of measurements, scores, or values for the entire population.

Pooled Variance

An estimate of the common variance of two or more groups that is weighted by the degrees of freedom of each group.

Standard Error

The standard deviation of the sampling distribution of a statistic, often used to quantify the accuracy of a sample mean.