Slower world economic output slows the volume of international trade, and higher output encourages trade.

Name: Slower world economic output slows the volume of international trade, and higher output encourages trade.
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Question

Quizplus · Accepted Answer

This statement is true. When the world economy is slowing down, the demand for goods and services decreases, which leads to a decrease in trade volume. On the contrary, higher economic output creates demand for goods and encourages trade.

Slower World Economic Output Slows the Volume of International Trade