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Globalization defenders believe globalization creates positive benefits by reducing labor market flexibility in developed nations.
Precision Instrument
A tool or device designed to measure or record quantities with high accuracy and minimal error.
Population Variance
The average of the squared differences from the Mean, representing the variance within a whole population.
Confidence Interval
A range of values, derived from sample statistics, that is believed to contain the true parameter of the population with a certain level of confidence.
Population Variance
The measure of dispersion within a population, representing the average of the squared differences from the Population Mean.
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