The proliferation of trade in recent decades has led to a.increased competition. b.deflationary pressures on prices on goods and services. c.less developed nations to improve their inhabitants' standards of living. d.once socialist nations to become more market oriented. e.all of the above.

Proliferation of trade means multiplication of trade at a high rate.

Answered: The proliferation of trade in recent…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The proliferation of trade in recent decades has led to

	a.	increased competition.
	b.	deflationary pressures on prices on goods and services.
	c.	less developed nations to improve their inhabitants' standards of living.
	d.	once socialist nations to become more market oriented.
	e.	all of the above.

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