3. Factors that influence international trade In the 1950s, imports and exports

Question

3. Factors that influence international trade In the 1950s, imports and exports of goods and services constituted roughly 4% to 5% of U.S. GDP. In recent years, exports have accounted for approximately 12% of GDP, while imports have more than tripled to over 15% of GDP.

Which of the following help to explain the increase in international trade and finance since the 1950s? Check all that apply.

Changes in property rights

Improvements in telecommunications

Better high-speed rail lines

International trade agreements such as the North American Free Trade Agreement (NAFTA)

Explanation / Answer

The right answer is :

International trade agreements such as the North American Free Trade Agreement (NAFTA)

US entered into many trade agreements after the 1950. NAFTA is one such example. This is the reason US trade increased by such a huge margin.

Related Questions

Navigate

• Browse (All)
• Browse 3
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.