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. -Better high-speed rail lines -International trade agreements such as the North American Free Trade Agreement (NAFTA) -Higher tariffs
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. -Better high-speed rail lines -International trade agreements such as the North American Free Trade Agreement (NAFTA) -Higher tariffs
Chapter1: Making Economics Decisions
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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.
-Better high-speed rail lines
-International trade agreements such as the North American Free Trade Agreement (NAFTA)
-Higher tariffs
-The widespread use of the Internet to conduct business
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