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Business, 19.04.2021 15:50 kris1920

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? a. Better high-speed rail lines.
b. An increasing number of import quotas.
c. Services such as web conferencing and teleconferencing that facilitate international meetings.
d. International trade agreements that lower tariffs and import quotas.

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In the 1950s, imports and exports of goods and services constituted roughly 4% to 5% of U. S. GDP. I...
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