In the last 50 years, international trade has grown O rapidly because of fewer trade barriers. O slowly because of increasing transportation costs. slowly because of more government restrictions. rapidly because it is more fashionable to consume foreign goods. O neither more slowly nor more rapidly than in past years.

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter15: International Trade And Finance
Section: Chapter Questions
Problem 5SQP
icon
Related questions
Question
In the last 50 years, international trade has grown
rapidly because of fewer trade barriers.
slowly because of increasing transportation costs.
slowly because of more government restrictions.
rapidly because it is more fashionable to consume foreign goods.
O neither more slowly nor more rapidly than in past years.
Transcribed Image Text:In the last 50 years, international trade has grown rapidly because of fewer trade barriers. slowly because of increasing transportation costs. slowly because of more government restrictions. rapidly because it is more fashionable to consume foreign goods. O neither more slowly nor more rapidly than in past years.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
World Bank
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Micro Economics For Today
Micro Economics For Today
Economics
ISBN:
9781337613064
Author:
Tucker, Irvin B.
Publisher:
Cengage,
Survey Of Economics
Survey Of Economics
Economics
ISBN:
9781337111522
Author:
Tucker, Irvin B.
Publisher:
Cengage,
Principles of Macroeconomics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Economics
ISBN:
9781305971509
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Macroeconomics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Economics
ISBN:
9781285165912
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning