Which of the following is not a reason why international trade has increased as a proportion of the world GDP in the last 50 years?
A) The reduction in transportation costs
B) The advent of the Internet and the subsequent reduction in the cost of doing international business
C) Reductions in government restrictions on trade between countries
D) All of the above are relevant in explaining the growth of international trade.
E) None of the above are relevant in explaining the growth of international trade.
Correct Answer:
Verified
Q12: According to the theory of comparative advantage,
A)a
Q13: A situation in which a person or
Q14: International trade as a share of world
Q15: A person with a lower opportunity cost
Q16: Rose has an absolute advantage over Sam
Q18: According to the text, the most important
Q19: Rose has an absolute advantage over Sam
Q20: The commerce clause of the U.S. Constitution
Q21: Compared to production possibilities curves without trade,
Q22: Exhibit 29-3 ![]()
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