In general, international trade in services has been in decline, while trade in primary industries has risen.

Question

Quizplus · Accepted Answer

International trade in services has actually been rising steadily over the past few decades, outpacing growth in trade in goods. This trend is expected to continue, as services such as finance, information technology, and consulting become increasingly important drivers of global economic activity. Trade in primary industries, on the other hand, has been more volatile and subject to fluctuations in commodity prices.

In General, International Trade in Services Has Been in Decline