Which of the following has occurred in international trade over the past half-century?
A) There has been a dramatic increase in the barriers to international trade.
B) Tariff rates on manufactured goods traded by advanced nations have fallen.
C) Regulations prohibiting foreign companies from entering domestic markets and establishing production facilities have increased.
D) The volume of world trade has decreased dramatically.
E) There has been a decline in the value of foreign direct investment.

Question

Quizplus · Accepted Answer

Tariff rates on manufactured goods traded by advanced nations have fallen over the past half-century due to the growth of international organizations like the World Trade Organization and the expansion of free trade agreements. This has led to increased international trade and globalization.

Which of the Following Has Occurred in International Trade Over