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

Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
Bank modernization legislation changed what financial institutions are able to do on an individual basis. Much of their traditional role has remained unchanged, just transform
Consider the simultaneous-move game with two players that has no Nash equilibrium in pure strategies, illustrated in Figure 4.14 in Chapter 4. If the game were transformed int
For 5 years you have owned and operated a small company, ABC Desks, that designs and manufactures high-end custom wooden desks. The business is incorporated and pays state and
A couple operate a pet sitting service on the side. They want to add a daily service of a photo placed online for pet owners who are travelling. The required equipment is expe
Dumping and predatory pricing involve selling at very low prices, even below cost, for the purpose of driving competitors out of business.  If a firm were to succeed it would
Use the following information to prepare a budgeted balance stitch corporation at march 31 .Show computation for the cash and owners's equity ammounts. ______ + _______ - = eq
Pick a currect topic in micro economics from any website,magzines,newspapers, related to demand and supply price, price determination. Summarize what you have understood and t
A firm has a cost function of TC (q )=80+4q+2q2 and a marginal cost function of MC (q)=4+4q. At the given market price of $16, the firm is producing 3 units of output. What qu