Since World War II, Several Factors Have Contributed to the Rapid

question 40

Multiple Choice

Since World War II, several factors have contributed to the rapid growth of international trade.These factors are:

• A)transportation technology, general increase in tariffs, and differences among nations in terms of production cost.
• B)transportation and communications technologies, and the general decline in the level of tariffs.
• C)transportation technology, reductions in the number of participants, and the general increase in the level of tariffs.
• D)communication technology, general increase in the level of tariffs, and the transportation technology.

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Definitions:

Incapacity

A condition where an individual is legally unable to make decisions for themselves due to mental or physical limitations.

Statute of Frauds

A legal principle requiring certain contracts to be in writing and signed in order to be enforceable.

Enforceable

Capable of being implemented or compelled to act in accordance with laws, rules, or agreements.

Lease

A contractual agreement by which one party conveys property, services, or land to another for a specified time, usually in return for a periodic payment.