According to the text, the level of intracompany trade of multinationals in 1930, as a percentage of world trade, may have exceeded the proportion at the end of the 20th century.

Question

Quizplus · Accepted Answer

The text states that "At the beginning of the twentieth century, it has been estimated that intrafirm trade among multinationals accounted for less than 10 percent of world trade. By 1930, some estimates suggest that the proportion may have exceeded the level achieved at the end of the twentieth century." Therefore, the statement is true.

According to the Text, the Level of Intracompany Trade of Multinationals