+1-415-670-9189
info@expertsmind.com
General agreement on tariffs and trade
Course:- Business Economics
Reference No.:- EM13795698




Assignment Help
Assignment Help >> Business Economics

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.

An increasing number of import quotas

Better high-speed rail lines

Improvements in telecommunications

International trade agreements such as the General Agreement on Tariffs and Trade (GATT)




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
Why are firms are attracted to foreign markets, for example, to increase profits and revenues and to gain access to cheaper manufacturing. How may this affect the domestic cou
In spite of professed efforts to remain “unbiased,” it is generally accepted that almost all new sources contain bias in some form. Describe the different kinds of bias that e
Although successfully positioning a new product in a well-established market may seem difficult, Method Products shows that it is not impossible (Kotler & Keller, 2012). Keepi
Assuming that the quantities of human and physical capital per worker did not change, and that the exponent on land in the production function is one-third, calculate the gr
Suppose that the salary for a recent industrial engineering graduate is expected to increase by 12% per year from a base of $52,000 over the next five years. If the interest r
Discuss the strategy of your organization according to the specificities of your business environment - Explain how your organization can achieve significant cost savings and
For each of the following situations, find the consumer’s optimal bundle. Be sure to show your work. Also, for each case, draw the consumer’s budget constraint, indicate the o
Describe an example of a real-world industry or market that would be considered by economists to be a natural monopoly. What characteristics of the industry make it a monopoly