The tremendous increase in imports and exports that has occurred globally has been caused primarily by:
A)declining tariff rates in most countries.
B)increased interest in protectionism.
C)declining transportation and communications costs.
D)decreases in wages in developing countries.
E)shifts in political organization away from central planning.

Question

Quizplus · Accepted Answer

The tremendous increase in imports and exports is primarily caused by declining transportation and communications costs, which makes it easier and cheaper to transport goods and communicate across borders. This has enabled businesses to expand their markets and tap into new sources of supply, leading to increased international trade.

The Tremendous Increase in Imports and Exports That Has Occurred