Since 1950, the Volume of World Trade and the Volume

question 3

Multiple Choice

Since 1950, the volume of world trade and the volume of world real GDP

• A) have both increased at roughly the same rate.
• B) have both decreased at roughly the same rate.
• C) have both increased, but the volume of world trade has increased more slowly than the volume of world real GDP.
• D) have both increased, but the volume of world trade has increased faster than the volume of world real GDP.

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Definitions:

Contractor

An individual or company hired to perform work or provide services for another entity under terms specified in a contract.

English Rule

A legal principle stating that the losing party in a lawsuit must pay the winning party's legal costs.

Majority Rule

A decision-making rule in which the option that receives more than half of the votes is chosen.

Assignee

An individual or entity to whom rights or interests have been transferred by another, known as the assignor.