As Measured by the Amount of Trade It Does, Has

question 161

Essay

As measured by the amount of trade it does, has the U.S. economy become more internationalized? Provide two reasons for this change.

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Definitions:

Coefficient Of Correlation

A measure that quantifies the degree of linear relationship between two variables, ranging from -1 to 1.

Interval Variables

Quantitative variables where the intervals between the values are equal and meaningful, allowing for comparisons and mathematical operations.

Symmetric Distribution

A distribution where the left and right sides are mirror images of each other around the central point.

Skewed Distribution

A probability distribution that is not symmetrical, where one tail is longer or fatter than the other.