What Is a Mode of Production

question 55

Multiple Choice

What is a mode of production?

• A)A postindustrial adaptive strategy, such as commercial agriculture and international mercantilism
• B)The land, labor, and technology used in production
• C)The way production is organized in a society
• D)Technology used to produce consumer goods
• E)The cultural aspects of an economy, such as changing fashions in the textile and clothing industry

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Definitions:

Sample Proportions

The fraction or percentage of sample units that exhibit a particular trait or characteristic.

Population Proportions

A measure of the fraction of the total population that falls into a specific category.

Unbiased Consistent Estimator

A statistical estimator that accurately targets the parameter of interest in the population and whose accuracy increases as the sample size increases.

Population Proportions

The fraction or percentage of the total number of individuals in a population that share a particular characteristic.