Which of the Following Is the Correct Picture of the Outcome

question 2

Multiple Choice

Which of the following is the correct picture of the outcome of increased world trade after the 1950s, contrary to Servan-Schreiber's prediction?

• A) Third World countries were excluded from this economic growth, thus leading to stark imbalances in wealth.
• B) The European Union became the center of world trade, taking the position away from the U.S.
• C) Japan became the dominant player in the world market, beating American and European multinationals.
• D) Economic power and potential became more evenly distributed among countries.
• E) Americans were able to reiterate their dominance in world trade through direct investment and growing exports.

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Definitions:

COV(X,Y)

Covariance between two variables X and Y, measuring the extent to which the variables change together and indicating the direction of their linear relationship.

Marginal Probability

The probability of occurring of a single event without consideration of any other events; it’s the likelihood of a single outcome.

Variance

Variance is a statistical measure that represents the degree of spread in a dataset's numbers; it quantifies how far each number in the set is from the mean and thus from every other number in the set.

Marginal Probability

The probability of a single event occurring without consideration of any other events, typically found in the context of probability distributions.