Which of the following has occurred in international trade over the past half-century?
A) There has been a dramatic increase in the barriers to international trade.
B) Tariff rates on manufactured goods traded by advanced nations have fallen.
C) Regulations prohibiting foreign companies from entering domestic markets and establishing production facilities have increased.
D) The volume of world trade has decreased dramatically.
E) All of these.

Question

Quizplus · Accepted Answer

Tariff rates on manufactured goods traded by advanced nations have fallen over the past half-century, while the other options are not accurate. There has actually been a trend towards reducing barriers to international trade, including regulations and tariffs, in recent decades. Additionally, the volume of world trade has generally increased over the period.

Which of the Following Has Occurred in International Trade Over