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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.
Better high-speed rail lines
The widespread use of the Internet to conduct business
International trade agreements that lower tariffs and import quotas
Increases in the global population

Respuesta :

jepessoa

Answer:

  • Better high-speed rail lines
  • The widespread use of the Internet to conduct business
  • International trade agreements that lower tariffs and import quotas

Explanation:

Better cargo transportation services including high speed railroads, trucks and ships, all have helped increase international trade.

The internet and other improvements in telecommunications (e.g. smartphones) have changed our world, including the way business is done.

International trade agreements have lowered import tariffs, set a maximum tax rate for imports, and virtually eliminated import quotas in most developed nations (e.g. NAFTA and WTO).