World trade has grown substantially in the last 60 years. For example, while world output grew at an annual rate of 3.8% per year between 1950 and 2003, world exports grew at 10.8% per year over the same time period.
Which of the following help to explain the increase in international trade and finance since the 1950s? Check all that apply.
a.Better high-speed rail lines.
b.Increases in the global population.
c.Services such as web conferencing and teleconferencing that facilitate international meetings.
d.International trade agreements such as the North American Free Trade Agreement (NAFTA).

Respuesta :

Answer:

b.Increases in the global population

c.Services such as web conferencing and teleconferencing that facilitate international meetings.

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

Explanation:

As the countries increase their trade with free trade agreement like NAFTA or the Eurozone which enables to a higher transactions of factors between countries like labor, capital and goods.

Also better communications method facilitate to build trust between parties thus, making trade more feasible.

More population enables more people willing to trade as well.

Answer:

The correct option is a,c and d, that is, better railway line, advance services, and NAFTA agreement.

Explanation:

International trade increases in the year the 1950s due to the following reasons:

  • The increase in railway lines and high-speed trains has helped in the improvement of the transportation system to even remote areas.
  • Advancement in technologies such as web conferencing and teleconferencing has helped in coordinating work. Thus, it provided an easy and cost-effective transaction system.
  • Finally, the trade-free agreements between nations have increased trade demand globally.

Therefore, technological advancement and communication facilities have developed trust in international relationship.

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