During the Last Century,the Relative Importance of International Trade for the U.S.has

question 7

Multiple Choice

During the last century,the relative importance of international trade for the U.S.has:

• A) significantly increased
• B) slightly increased
• C) significantly decreased
• D) slightly decreased

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Definitions:

Industrial Structure

The organization of industries within an economy, characterized by aspects such as market competition and the allocation of resources.

Scarcity

The limited nature of society's resources, meaning there is not enough of something to satisfy everyone's wants.

Subjective Concept

An idea or notion based on personal opinions, interpretations, points of view, or emotions.

Personal Preferences

Individual choices or tastes based on subjective factors, often determining decision-making in various aspects of life.