In the past two decades:
A)the role of primary commodities in world trade has dropped.
B)the volume of services in world trade has stabilised.
C)the importance of manufactured goods in world trade has decreased.
D)there has been a decrease in world trade.

Question

Quizplus · Accepted Answer

The role of primary commodities in world trade has dropped, as there has been a shift towards service-based economies and an increase in manufactured goods. This can be seen in the decreasing share of primary commodities, such as agricultural products and raw materials, in the total value of world trade.

In the Past Two Decades